enCore Energy (CVE:EU) Shares Up 2.7% – Time to Buy?

Shares of enCore Energy Corp. (CVE:EU) shot up 2.7% on Friday . The stock traded as high as C$4.97 and last traded at C$4.97. 137,731 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 203,428 shares. The stock had previously closed at C$4.84.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised their price objective on enCore Energy from C$8.00 to C$8.50 and gave the company a “buy” rating in a research note on Tuesday, September 24th.

enCore Energy Trading Up 2.7 %

The stock has a market capitalization of C$918.11 million, a price-to-earnings ratio of -27.61 and a beta of 1.20. The firm has a fifty day moving average price of C$5.14.

Insiders Place Their Bets

In other news, Director William Morris Sheriff sold 24,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of C$5.18, for a total value of C$124,426.08. 2.12% of the stock is currently owned by insiders.

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.