enCore Energy (CVE:EU) Trading 3% Higher – Here’s Why

enCore Energy Corp. (CVE:EU)’s share price traded up 3% on Thursday . The company traded as high as C$5.55 and last traded at C$5.55. 265,221 shares were traded during mid-day trading, an increase of 27% from the average session volume of 209,081 shares. The stock had previously closed at C$5.39.

Wall Street Analysts Forecast Growth

EU has been the topic of a number of research analyst reports. Ventum Financial set a C$7.00 target price on shares of enCore Energy and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Canaccord Genuity Group upped their target price on shares of enCore Energy from C$8.00 to C$8.50 and gave the stock a “buy” rating in a research note on Tuesday, September 24th.

enCore Energy Price Performance

The stock has a market cap of C$1.03 billion, a P/E ratio of -30.83 and a beta of 1.20. The stock’s 50 day moving average is C$5.42.

Insider Buying and Selling at enCore Energy

In other enCore Energy news, Director William Morris Sheriff sold 10,000 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of C$3.80, for a total value of C$38,000.00. 2.12% of the stock is owned by 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.