enCore Energy (CVE:EU) Sets New 12-Month Low – Time to Sell?

Shares of enCore Energy Corp. (CVE:EU) reached a new 52-week low on Monday . The stock traded as low as C$1.80 and last traded at C$1.88, with a volume of 337976 shares. The stock had previously closed at C$1.90.

Analysts Set New Price Targets

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

enCore Energy Price Performance

The stock has a market cap of C$243.46 million, a P/E ratio of -4.32 and a beta of 1.20. The stock’s 50-day moving average is C$3.35 and its two-hundred day moving average is C$4.55.

Insider Buying and Selling at enCore Energy

In other enCore Energy news, Director William Morris Sheriff acquired 30,000 shares of the stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of C$2.38 per share, for a total transaction of C$71,280.00. Insiders purchased 100,000 shares of company stock valued at $237,107 in the last 90 days. 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.