enCore Energy (CVE:EU) Trading Down 1.6% – Here’s Why

enCore Energy Corp. (CVE:EU)’s stock price dropped 1.6% during mid-day trading on Thursday . The stock traded as low as C$4.49 and last traded at C$4.79. Approximately 871,638 shares were traded during trading, an increase of 42% from the average daily volume of 613,658 shares. The stock had previously closed at C$4.87.

Analyst Upgrades and Downgrades

Separately, Northland Securities upgraded shares of enCore Energy to a “strong-buy” rating in a report on Tuesday, January 6th. Three equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

enCore Energy Price Performance

The company has a 50-day moving average of C$3.89 and a two-hundred day moving average of C$3.89. The stock has a market capitalization of C$810.93 million, a PE ratio of -15.46 and a beta of 1.40.

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.