enCore Energy (CVE:EU) Shares Down 1.8% – Time to Sell?

Shares of enCore Energy Corp. (CVE:EU) dropped 1.8% during mid-day trading on Wednesday . The stock traded as low as C$4.26 and last traded at C$4.32. Approximately 222,012 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 343,768 shares. The stock had previously closed at C$4.40.

Analyst Ratings Changes

Separately, Haywood Securities raised enCore Energy to a “strong-buy” rating in a research report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

enCore Energy Trading Down 1.8%

The stock has a market cap of C$808.44 million, a P/E ratio of -12.71 and a beta of 1.32. The company’s 50 day moving average price is C$3.97 and its two-hundred day moving average price is C$3.40.

Insider Activity at enCore Energy

In related news, Director William Harris sold 76,521 shares of the firm’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of C$4.70, for a total value of C$359,648.70. Following the transaction, the director directly owned 280,000 shares of the company’s stock, valued at approximately C$1,316,000. This trade represents a 21.46% decrease in their position. Also, Director Dennis Eugene Stover sold 20,000 shares of enCore Energy stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of C$4.64, for a total value of C$92,800.00. Following the transaction, the director owned 488,500 shares in the company, valued at C$2,266,640. This trade represents a 3.93% decrease in their ownership of the stock. Insiders sold 100,000 shares of company stock worth $468,835 over the last quarter. 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.