enCore Energy (NASDAQ:EU) Trading Up 5.6% - Time to Buy?

enCore Energy Corp. (NASDAQ:EU - Get Free Report) shares traded up 5.6% on Tuesday . The stock traded as high as $3.51 and last traded at $3.51. 243,738 shares traded hands during trading, a decline of 82% from the average session volume of 1,390,825 shares. The stock had previously closed at $3.32.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a "buy" rating and set a $7.00 price target on shares of enCore Energy in a research note on Tuesday, November 19th.

enCore Energy Trading Up 4.8 %

The firm has a 50 day moving average price of $3.51 and a two-hundred day moving average price of $3.69. The firm has a market capitalization of $647.68 million, a price-to-earnings ratio of -12.43 and a beta of 0.14.

Insider Buying and Selling

In other enCore Energy news, Director William M. Sheriff sold 24,000 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $3.55, for a total value of $85,200.00. Following the completion of the transaction, the director now directly owns 2,144,055 shares of the company's stock, valued at $7,611,395.25. This represents a 1.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Verition Fund Management LLC bought a new position in enCore Energy during the third quarter worth $96,000. Franklin Resources Inc. bought a new position in shares of enCore Energy in the 3rd quarter worth about $60,000. Geode Capital Management LLC boosted its holdings in shares of enCore Energy by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,203,139 shares of the company's stock valued at $8,901,000 after buying an additional 24,786 shares during the period. Van ECK Associates Corp grew its position in shares of enCore Energy by 89.3% during the 3rd quarter. Van ECK Associates Corp now owns 2,434,342 shares of the company's stock valued at $9,762,000 after buying an additional 1,148,056 shares during the last quarter. Finally, National Bank of Canada FI acquired a new stake in enCore Energy during the third quarter worth about $832,000. 20.86% of the stock is currently owned by institutional investors.

enCore Energy Company Profile

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.