enCore Energy (CVE:EU) Stock Price Down 8.5% - Here's What Happened

enCore Energy Corp. (CVE:EU - Get Free Report) shares were down 8.5% on Friday . The company traded as low as C$2.22 and last traded at C$2.27. Approximately 107,825 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 346,987 shares. The stock had previously closed at C$2.48.

Wall Street Analysts Forecast Growth

Separately, Ventum Cap Mkts upgraded shares of enCore Energy to a "strong-buy" rating in a research report on Monday, March 10th.

enCore Energy Stock Performance

The company has a fifty day moving average of C$3.69 and a two-hundred day moving average of C$4.67. The company has a market cap of C$290.02 million, a price-to-earnings ratio of -5.15 and a beta of 1.20.

Insider Activity

In other enCore Energy news, Director William Morris Sheriff acquired 35,000 shares of enCore Energy stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of C$2.37 per share, with a total value of C$83,079.36. Over the last three months, insiders have bought 100,000 shares of company stock valued at $237,107. 2.12% of the stock is currently owned by corporate insiders.

About enCore Energy

enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. It holds a 100% interest in the Crownpoint and Hosta Butte uranium project that covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also has interests in the Marquez-Juan Tafoya property, which consists of 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project that covers 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.