enCore Energy Corp. (CVE:EU - Get Free Report) traded down 8.5% during mid-day trading on Friday . The company traded as low as C$2.22 and last traded at C$2.27. 107,825 shares traded hands during trading, a decline of 69% from the average session volume of 346,987 shares. The stock had previously closed at C$2.48.
Wall Street Analysts Forecast Growth
Separately, Ventum Cap Mkts raised enCore Energy to a "strong-buy" rating in a research note on Monday, March 10th.
Check Out Our Latest Report on enCore Energy
enCore Energy Stock Performance
The stock has a fifty day simple moving average of C$3.69 and a 200-day simple moving average of C$4.67. The stock has a market cap of C$290.02 million, a P/E ratio of -5.15 and a beta of 1.20.
Insider Buying and Selling
In other enCore Energy news, Director William Morris Sheriff purchased 35,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of C$2.37 per share, for a total transaction of C$83,079.36. Over the last three months, insiders bought 100,000 shares of company stock worth $237,107. 2.12% of the stock is owned by corporate insiders.
enCore Energy Company Profile
(
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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.
Further Reading
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