enCore Energy (CVE:EU) Stock Price Up 15.4% – What’s Next?

enCore Energy Corp. (CVE:EU)’s stock price rose 15.4% during mid-day trading on Monday . The stock traded as high as C$3.54 and last traded at C$3.44. Approximately 274,401 shares changed hands during trading, a decline of 18% from the average daily volume of 336,308 shares. The stock had previously closed at C$2.98.

Analyst Upgrades and Downgrades

Separately, Ventum Cap Mkts upgraded shares of enCore Energy to a “strong-buy” rating in a report on Monday, March 10th.

enCore Energy Stock Up 10.1%

The company has a 50 day moving average price of C$2.34 and a 200-day moving average price of C$3.35. The company has a market cap of C$436.36 million, a price-to-earnings ratio of -7.75 and a beta of 1.20.

Insider Activity

In other enCore Energy news, Director William Morris Sheriff purchased 35,000 shares of the business’s stock in a transaction on Monday, March 24th. The shares were purchased at an average cost of C$2.36 per share, for a total transaction of C$82,747.67. 2.12% of the stock is currently owned by 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.