enCore Energy (CVE:EU) Shares Down 4.8% – Here’s Why

enCore Energy Corp. (CVE:EU)’s stock price traded down 4.8% during trading on Monday . The company traded as low as C$1.76 and last traded at C$1.80. 170,464 shares were traded during mid-day trading, a decline of 57% from the average session volume of 399,538 shares. The stock had previously closed at C$1.89.

Analysts Set New Price Targets

Separately, Ventum Cap Mkts upgraded shares of enCore Energy to a “strong-buy” rating in a report on Monday, March 10th.

enCore Energy Trading Down 4.8 %

The business’s 50 day simple moving average is C$2.44 and its two-hundred day simple moving average is C$4.15. The firm has a market capitalization of C$239.46 million, a P/E ratio of -4.25 and a beta of 1.20.

Insider Transactions at enCore Energy

In other news, Director William Morris Sheriff bought 30,000 shares of the stock in a transaction on Thursday, March 6th. The shares were bought at an average price of C$2.38 per share, with a total value of C$71,280.00. Insiders purchased 100,000 shares of company stock worth $237,107 over the last three months. 2.12% of the stock is currently owned by company 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.