enCore Energy (CVE:EU) Stock Rating Upgraded by Jefferies Financial Group

enCore Energy (CVE:EU) was upgraded by equities research analysts at Jefferies Financial Group to a “strong-buy” rating in a research report issued on Thursday, Zacks reports.

enCore Energy Stock Performance

EU stock opened at C$1.71 on Thursday. The stock has a market capitalization of C$332.22 million, a P/E ratio of -5.18 and a beta of 1.71. enCore Energy has a one year low of C$1.42 and a one year high of C$5.88. The company has a 50 day moving average price of C$1.72 and a two-hundred day moving average price of C$2.26.

Insider Transactions at enCore Energy

In other enCore Energy news, Director Wayne William Heili acquired 35,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of C$1.98 per share, for a total transaction of C$69,300.00. Following the completion of the acquisition, the director directly owned 35,000 shares of the company’s stock, valued at C$69,300. This trade represents a ∞ increase in their ownership of the stock. Also, Director Richard Little acquired 16,942 shares of the stock in a transaction dated Tuesday, June 9th. The stock was acquired at an average cost of C$1.76 per share, with a total value of C$29,817.92. Following the transaction, the director owned 46,982 shares of the company’s stock, valued at approximately C$82,688.32. This trade represents a 56.40% increase in their ownership of the stock. Insiders have acquired 184,905 shares of company stock worth $345,228 over the last quarter. 2.12% of the stock is currently 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.