Shares of enCore Energy Corp. (CVE:EU – Get Free Report) reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as C$1.07 and last traded at C$1.09, with a volume of 148,272 shares. The stock had previously closed at C$1.16.
Analyst Ratings Changes
Separately, Jefferies Financial Group upgraded shares of enCore Energy to a “strong-buy” rating in a research report on Thursday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating. According to MarketBeat, the stock presently has an average rating of “Strong Buy”.
Get Our Latest Stock Analysis on enCore Energy
enCore Energy Price Performance
The company’s 50 day simple moving average is C$1.54 and its two-hundred day simple moving average is C$1.91. The company has a market cap of C$209.82 million, a PE ratio of -3.27 and a beta of 2.43.
Insider Buying and Selling at enCore Energy
In related news, Director William Morris Sheriff bought 100,000 shares of the stock in a transaction that occurred on Friday, September 18th. The stock was purchased 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. This trade represents a 6.40% increase in their position. Insiders acquired a total of 250,000 shares of company stock worth $293,000 over the last 90 days. 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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