enCore Energy (CVE:EU) Rating Increased to Strong-Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of enCore Energy (CVE:EU) to a strong-buy rating in a research note released on Thursday morning,Zacks reports.

enCore Energy Stock Performance

Shares of EU stock opened at C$1.71 on Thursday. enCore Energy has a one year low of C$1.42 and a one year high of C$5.88. The firm’s 50 day moving average price is C$1.72 and its 200-day moving average price is C$2.26. The firm has a market cap of C$332.22 million, a P/E ratio of -5.18 and a beta of 1.71.

Insider Buying and Selling at enCore Energy

In other enCore Energy news, Director Mark Pelizza bought 18,671 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were acquired at an average price of C$1.87 per share, with a total value of C$34,914.77. Following the transaction, the director owned 157,004 shares of the company’s stock, valued at approximately C$293,597.48. The trade was a 13.50% increase in their ownership of the stock. Also, Director Wayne William Heili bought 35,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were acquired at an average price of C$1.98 per share, with a total value of C$69,300.00. Following the purchase, the director owned 35,000 shares of the company’s stock, valued at C$69,300. The trade was a ∞ increase in their ownership of the stock. Insiders have acquired a total of 184,905 shares of company stock worth $345,228 over the last ninety days. Corporate 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.