Shares of enCore Energy Corp. (NASDAQ:EU - Get Free Report) were down 3.6% during mid-day trading on Friday . The company traded as low as $3.79 and last traded at $3.80. Approximately 275,320 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 1,215,919 shares. The stock had previously closed at $3.94.
Analyst Upgrades and Downgrades
EU has been the subject of several recent research reports. HC Wainwright reissued a "buy" rating and set a $7.00 price objective on shares of enCore Energy in a research report on Tuesday. Ventum Cap Mkts raised shares of enCore Energy to a "strong-buy" rating in a research report on Thursday, August 22nd.
Get Our Latest Report on enCore Energy
enCore Energy Price Performance
The stock has a 50 day simple moving average of $3.95 and a 200-day simple moving average of $3.96. The firm has a market cap of $716.25 million, a PE ratio of -13.75 and a beta of 0.05.
Institutional Trading of enCore Energy
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Rathbones Group PLC bought a new position in enCore Energy during the second quarter valued at approximately $39,000. Xponance Inc. purchased a new stake in shares of enCore Energy in the 2nd quarter worth $43,000. Sei Investments Co. bought a new position in enCore Energy in the 2nd quarter worth $46,000. Virtu Financial LLC purchased a new position in enCore Energy during the first quarter valued at $84,000. Finally, Principal Financial Group Inc. grew its holdings in enCore Energy by 19.6% during the second quarter. Principal Financial Group Inc. now owns 22,317 shares of the company's stock valued at $88,000 after purchasing an additional 3,652 shares during the period. 20.86% of the stock is currently owned by institutional investors.
About enCore Energy
(
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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 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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