enCore Energy (CVE:EU) Trading Down 6.7% – What’s Next?

Shares of enCore Energy Corp. (CVE:EU) traded down 6.7% on Wednesday . The company traded as low as C$2.08 and last traded at C$2.08. 95,895 shares were traded during trading, a decline of 73% from the average session volume of 356,663 shares. The stock had previously closed at C$2.23.

Analyst Upgrades and Downgrades

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

enCore Energy Stock Performance

The stock has a market capitalization of C$279.37 million, a price-to-earnings ratio of -4.96 and a beta of 1.20. The company has a fifty day simple moving average of C$4.07 and a 200 day simple moving average of C$4.78.

Insiders Place Their Bets

In other enCore Energy news, Director William Morris Sheriff acquired 35,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of C$2.37 per share, with a total value of C$83,079.36. Company 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.