enCore Energy (CVE:EU) Stock Price Up 2.7% – Should You 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 trading, a decline of 32% from the average session volume of 203,428 shares. The stock had previously closed at C$4.84.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group increased their target price on shares of enCore Energy from C$8.00 to C$8.50 and gave the stock a “buy” rating in a report on Tuesday, September 24th.

enCore Energy Stock Performance

The business’s 50-day moving average is C$5.14. The company has a market cap of C$918.11 million, a price-to-earnings ratio of -27.61 and a beta of 1.20.

Insider Activity

In related news, Director William Morris Sheriff sold 24,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of C$5.18, for a total value of C$124,426.08. Corporate 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.