Ventum Cap Mkts Upgrades enCore Energy (CVE:EU) to Strong-Buy

Ventum Cap Mkts upgraded shares of enCore Energy (CVE:EU) to a strong-buy rating in a report released on Monday morning,Zacks.com reports. Ventum Cap Mkts also issued estimates for enCore Energy’s FY2028 earnings at $0.31 EPS.

enCore Energy Stock Down 9.9 %

enCore Energy stock opened at C$2.01 on Monday. enCore Energy has a 52 week low of C$1.80 and a 52 week high of C$6.91. The firm’s 50-day simple moving average is C$4.14 and its 200 day simple moving average is C$4.80. The firm has a market capitalization of C$267.40 million, a PE ratio of -4.75 and a beta of 1.20.

Insider Buying and Selling

In other news, Director William Morris Sheriff bought 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of C$2.37 per share, with a total value of C$83,079.36. Insiders own 2.12% of the company’s stock.

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.