enCore Energy (CVE:EU) Shares Up 2.4% – Here’s Why

enCore Energy Corp. (CVE:EU) shares were up 2.4% on Thursday . The company traded as high as C$3.95 and last traded at C$3.90. Approximately 205,573 shares traded hands during trading, a decline of 38% from the average daily volume of 332,029 shares. The stock had previously closed at C$3.81.

Analyst Ratings Changes

Separately, Haywood Securities upgraded shares of enCore Energy to a “strong-buy” rating in a research note on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

enCore Energy Stock Down 4.6%

The firm has a 50-day moving average price of C$4.07 and a two-hundred day moving average price of C$3.75. The firm has a market cap of C$696.69 million, a PE ratio of -13.29 and a beta of 1.43.

Insider Buying and Selling at enCore Energy

In other enCore Energy news, 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 transaction of C$92,800.00. Following the sale, the director owned 488,500 shares of the company’s stock, valued at C$2,266,640. The trade was a 3.93% decrease in their position. Also, Director William Harris sold 76,521 shares of the stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of C$4.70, for a total transaction of C$359,648.70. Following the completion of the sale, the director owned 280,000 shares of the company’s stock, valued at C$1,316,000. This trade represents a 21.46% decrease in their ownership of the stock. In the last ninety days, insiders have sold 100,000 shares of company stock worth $468,835. 2.12% of the stock is currently owned by corporate insiders.

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.