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

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

Analyst Upgrades and Downgrades

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

enCore Energy Stock Performance

The company has a market capitalization of C$311.30 million, a price-to-earnings ratio of -5.53 and a beta of 1.20. The firm has a fifty day moving average price of C$3.74 and a 200-day moving average price of C$4.68.

Insider Transactions at enCore Energy

In other enCore Energy news, Director William Morris Sheriff acquired 30,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average cost of C$2.38 per share, for a total transaction of C$71,280.00. 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.