Insider Selling: enCore Energy (CVE:EU) Director Sells C$92,800.00 in Stock

enCore Energy Corp. (CVE:EU) Director Dennis Eugene Stover sold 20,000 shares of the company’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of C$4.64, for a total transaction of C$92,800.00. Following the transaction, the director owned 488,500 shares of the company’s stock, valued at C$2,266,640. This represents a 3.93% decrease in their position.

enCore Energy Stock Performance

enCore Energy stock opened at C$4.57 on Tuesday. The company has a 50-day simple moving average of C$3.91 and a 200-day simple moving average of C$3.28. The firm has a market capitalization of C$855.07 million, a P/E ratio of -13.44 and a beta of 1.32. enCore Energy Corp. has a one year low of C$1.47 and a one year high of C$6.12.

Analysts Set New Price Targets

Separately, Haywood Securities upgraded shares of enCore Energy to a “strong-buy” rating in a research report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

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 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.