enCore Energy (CVE:EU) Trading Up 3% - Should You Buy?

enCore Energy Corp. (CVE:EU - Get Free Report)'s share price rose 3% during mid-day trading on Thursday . The stock traded as high as C$5.55 and last traded at C$5.55. Approximately 265,221 shares traded hands during trading, an increase of 27% from the average daily volume of 209,081 shares. The stock had previously closed at C$5.39.

Wall Street Analyst Weigh In

Several brokerages recently commented on EU. Canaccord Genuity Group increased their price objective on shares of enCore Energy from C$8.00 to C$8.50 and gave the company a "buy" rating in a research report on Tuesday, September 24th. Ventum Financial set a C$7.00 price objective on shares of enCore Energy and gave the company a "buy" rating in a research report on Thursday, August 22nd.

enCore Energy Price Performance

The company has a market cap of C$997.54 million, a P/E ratio of -30.83 and a beta of 1.20. The business's 50 day moving average is C$5.43.

Insider Buying and Selling

In other news, Director William Morris Sheriff sold 10,000 shares of the firm's stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$3.80, for a total value of C$38,000.00. Corporate insiders own 2.12% of the company's stock.

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.