Shares of enCore Energy Corp. (CVE:EU – Get Free Report) reached a new 52-week low on Tuesday. The company traded as low as C$0.94 and last traded at C$0.94, with a volume of 235,022 shares trading hands. The stock had previously closed at C$1.05.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group upgraded enCore Energy to a “strong-buy” rating in a research report on Thursday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat.com, enCore Energy has a consensus rating of “Strong Buy”.
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enCore Energy Price Performance
The stock has a market cap of C$169.02 million, a PE ratio of -2.64 and a beta of 2.59. The company’s fifty day moving average is C$1.40 and its 200-day moving average is C$2.24.
Insider Transactions at enCore Energy
In related news, Director William Morris Sheriff bought 100,000 shares of the business’s stock in a transaction on Friday, September 18th. The stock was acquired at an average cost of C$1.14 per share, with a total value of C$114,000.00. Following the purchase, the director directly owned 1,662,169 shares of the company’s stock, valued at C$1,894,872.66. The trade was a 6.40% increase in their ownership of the stock. Over the last three months, insiders have bought 250,000 shares of company stock worth $293,000. 2.12% of the stock is currently owned by corporate insiders.
About enCore Energy
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.
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