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enCore Energy (CVE:EU) Trading Down 8.5% - Should You Sell?

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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

(Get Free Report)

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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