enCore Energy (CVE:EU) Stock Price Up 19.2% – What’s Next?

enCore Energy Corp. (CVE:EU)’s share price traded up 19.2% on Monday . The stock traded as high as C$1.50 and last traded at C$1.49. Approximately 578,285 shares were traded during mid-day trading, an increase of 14% from the average session volume of 507,438 shares. The stock had previously closed at C$1.25.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded enCore Energy to a “strong-buy” rating in a research report on Thursday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, enCore Energy has an average rating of “Strong Buy”.

enCore Energy Stock Up 19.2%

The stock has a 50-day simple moving average of C$1.64 and a 200 day simple moving average of C$2.10. The company has a market cap of C$289.48 million, a PE ratio of -4.52 and a beta of 1.71.

Insider Buying and Selling

In related news, Director William Morris Sheriff bought 100,000 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were bought at an average price of C$1.17 per share, with a total value of C$117,000.00. Following the completion of the transaction, the director directly owned 1,512,169 shares of the company’s stock, valued at C$1,769,237.73. This represents a 7.08% increase in their position. 2.12% of the stock is owned by insiders.

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.