enCore Energy Corp. (NASDAQ:EU - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 1,042,366 shares changed hands during mid-day trading, a decline of 15% from the previous session's volume of 1,229,049 shares.The stock last traded at $3.54 and had previously closed at $3.41.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reiterated a "buy" rating and set a $7.00 target price on shares of enCore Energy in a research report on Tuesday, November 19th.
Read Our Latest Report on EU
enCore Energy Price Performance
The firm has a market capitalization of $688.63 million, a PE ratio of -13.21 and a beta of -0.04. The company has a 50-day moving average price of $3.62 and a 200-day moving average price of $3.75.
Hedge Funds Weigh In On enCore Energy
Several institutional investors have recently added to or reduced their stakes in EU. Rathbones Group PLC acquired a new position in enCore Energy during the second quarter worth approximately $39,000. Xponance Inc. purchased a new position in shares of enCore Energy in the 2nd quarter worth $43,000. Sei Investments Co. acquired a new position in enCore Energy in the second quarter valued at $46,000. Franklin Resources Inc. purchased a new stake in enCore Energy during the third quarter valued at about $60,000. Finally, Principal Financial Group Inc. increased its stake in enCore Energy by 19.6% during the second quarter. Principal Financial Group Inc. now owns 22,317 shares of the company's stock worth $88,000 after acquiring an additional 3,652 shares during the last quarter. 20.86% of the stock is currently owned by institutional investors and hedge funds.
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 Crownpoint and Hosta Butte uranium project area covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also holds interest in the Marquez-Juan Tafoya property comprises 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project comprising 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.
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