enCore Energy (CVE:EU) Shares Down 6.7% – Here’s What Happened

Shares of enCore Energy Corp. (CVE:EU) fell 6.7% on Wednesday . The stock traded as low as C$2.08 and last traded at C$2.08. 95,895 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 356,663 shares. The stock had previously closed at C$2.23.

Analysts Set New Price Targets

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

enCore Energy Stock Performance

The firm’s fifty day moving average price is C$4.19 and its 200 day moving average price is C$4.82. The firm has a market cap of C$269.40 million, a P/E ratio of -4.78 and a beta of 1.20.

Insider Activity at enCore Energy

In other news, Director William Morris Sheriff bought 35,000 shares of enCore Energy stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of C$2.37 per share, for a total transaction of C$83,079.36. 2.12% of the stock is currently owned by corporate insiders.

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.