enCore Energy (CVE:EU) Downgraded by Canaccord Genuity Group to Moderate Buy

enCore Energy (CVE:EU) was downgraded by Canaccord Genuity Group from a “strong-buy” rating to a “moderate buy” rating in a research note issued to investors on Friday, Zacks reports.

Separately, Jefferies Financial Group raised shares of enCore Energy to a “strong-buy” rating in a research note on Thursday, September 3rd. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, enCore Energy currently has an average rating of “Strong Buy”.

enCore Energy Price Performance

CVE EU remained flat at C$0.78 on Friday. 400,920 shares of the company’s stock traded hands, compared to its average volume of 504,601. enCore Energy has a 52 week low of C$0.76 and a 52 week high of C$4.99. The stock has a market capitalization of C$151.54 million, a price-to-earnings ratio of -2.36 and a beta of 2.59. The business has a 50-day moving average price of C$1.29 and a two-hundred day moving average price of C$2.13.

Insider Activity at enCore Energy

In related news, Director William Morris Sheriff purchased 100,000 shares of enCore Energy stock in a transaction that occurred on Friday, September 18th. The shares were bought at an average price of C$1.14 per share, with a total value of C$114,000.00. Following the purchase, the director directly owned 1,662,169 shares of the company’s stock, valued at approximately C$1,894,872.66. This represents a 6.40% increase in their position. Insiders have bought 250,000 shares of company stock valued at $293,000 in the last quarter. 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.