enCore Energy (CVE:EU) Stock Price Up 19.2% – Still a Buy?

enCore Energy Corp. (CVE:EUGet 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

The stock has a market capitalization of C$289.48 million, a PE ratio of -4.52 and a beta of 1.71. The business’s fifty day moving average price is C$1.64 and its two-hundred day moving average price is C$2.10.

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

(Get Free Report)

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.

Further Reading

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