enCore Energy (CVE:EU) Stock Price Down 8.5% – What’s Next?

enCore Energy Corp. (CVE:EU)’s share price traded down 8.5% during mid-day trading on Friday . The company traded as low as C$2.22 and last traded at C$2.27. 107,825 shares changed hands during trading, a decline of 69% from the average session volume of 346,987 shares. The stock had previously closed at C$2.48.

Analysts Set New Price Targets

Separately, Ventum Cap Mkts upgraded enCore Energy to a “strong-buy” rating in a research note on Monday, March 10th.

enCore Energy Stock Performance

The firm has a market capitalization of C$311.30 million, a price-to-earnings ratio of -5.53 and a beta of 1.20. The business has a fifty day moving average of C$3.74 and a two-hundred day moving average of C$4.68.

Insider Buying and Selling

In other enCore Energy news, Director William Morris Sheriff sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of C$4.94, for a total value of C$49,392.00. 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.