enCore Energy (CVE:EU) Shares Up 15.4% – Here’s What Happened

enCore Energy Corp. (CVE:EU)’s stock price rose 15.4% on Monday . The stock traded as high as C$3.54 and last traded at C$3.44. Approximately 274,401 shares traded hands during trading, a decline of 18% from the average daily volume of 336,308 shares. The stock had previously closed at C$2.98.

Wall Street Analysts Forecast Growth

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

enCore Energy Stock Performance

The firm has a market cap of C$436.36 million, a price-to-earnings ratio of -7.75 and a beta of 1.20. The firm’s 50 day moving average is C$2.34 and its 200-day moving average is C$3.35.

Insider Buying and Selling

In other news, Director William Morris Sheriff purchased 35,000 shares of the business’s stock in a transaction on Monday, March 24th. The stock was purchased at an average price of C$2.36 per share, with a total value of C$82,747.67. 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.