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

enCore Energy Corp. (CVE:EU)’s stock price was 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 mid-day trading, a decline of 69% from the average daily volume of 346,987 shares. The stock had previously closed at C$2.48.

Wall Street Analysts Forecast Growth

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

enCore Energy Price Performance

The company has a market capitalization of C$303.32 million, a price-to-earnings ratio of -5.39 and a beta of 1.20. The business’s 50-day moving average price is C$3.79 and its two-hundred day moving average price is C$4.69.

Insider Buying and Selling at enCore Energy

In other news, Director William Morris Sheriff acquired 35,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of C$2.37 per share, for a total transaction of C$83,079.36. Insiders own 2.12% of the company’s stock.

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.