enCore Energy (CVE:EU) Raised to Strong-Buy at Jefferies Financial Group

enCore Energy (CVE:EU) was upgraded by equities researchers at Jefferies Financial Group to a “strong-buy” rating in a research report issued on Thursday, Zacks reports.

enCore Energy Trading Up 3.6%

Shares of CVE EU opened at C$1.71 on Thursday. The company’s 50-day moving average price is C$1.72 and its 200 day moving average price is C$2.26. enCore Energy has a 52 week low of C$1.42 and a 52 week high of C$5.88. The stock has a market cap of C$332.22 million, a price-to-earnings ratio of -5.18 and a beta of 1.71.

Insider Activity

In related news, Director Wayne William Heili acquired 35,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average cost of C$1.98 per share, for a total transaction of C$69,300.00. Following the transaction, the director directly owned 35,000 shares of the company’s stock, valued at approximately C$69,300. This trade represents a ∞ increase in their position. Also, Director Richard Little bought 16,942 shares of enCore Energy stock in a transaction that occurred on Tuesday, June 9th. The stock was bought at an average cost of C$1.76 per share, for a total transaction of C$29,817.92. Following the purchase, the director owned 46,982 shares in the company, valued at C$82,688.32. This represents a 56.40% increase in their position. Insiders have acquired 184,905 shares of company stock worth $345,228 over the last ninety days. 2.12% of the stock is currently owned by insiders.

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.