enCore Energy Corp. (CVE:EU – Get Free Report)’s share price shot up 19.2% during trading on Monday . The company traded as high as C$1.50 and last traded at C$1.49. Approximately 578,285 shares traded hands during mid-day trading, an increase of 14% from the average daily volume of 507,438 shares. The stock had previously closed at C$1.25.
Analysts Set New Price Targets
Separately, Jefferies Financial Group upgraded enCore Energy to a “strong-buy” rating in a research report on Thursday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Strong Buy”.
View Our Latest Analysis on EU
enCore Energy Price Performance
Insiders Place Their Bets
In other news, Director William Morris Sheriff acquired 50,000 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were acquired at an average cost of C$1.24 per share, with a total value of C$62,000.00. Following the completion of the acquisition, the director owned 1,562,169 shares of the company’s stock, valued at approximately C$1,937,089.56. This trade represents a 3.31% increase in their ownership of the stock. Insiders own 2.12% of the company’s stock.
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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