enCore Energy (CVE:EU) Shares Up 0.4% - Should You Buy?

enCore Energy Corp. (CVE:EU - Get Free Report)'s share price rose 0.4% during trading on Tuesday . The stock traded as high as C$2.45 and last traded at C$2.41. Approximately 101,069 shares changed hands during trading, a decline of 72% from the average daily volume of 365,027 shares. The stock had previously closed at C$2.40.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts raised enCore Energy to a "strong-buy" rating in a research note on Monday, March 10th.

enCore Energy Trading Up 0.4%

The company has a market cap of C$320.62 million, a price-to-earnings ratio of -5.69 and a beta of 1.20. The stock's 50-day moving average is C$2.05 and its 200-day moving average is C$3.77.

Insider Buying and Selling at enCore Energy

In other enCore Energy news, Director William Morris Sheriff purchased 30,000 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of C$2.38 per share, for a total transaction of C$71,280.00. Over the last ninety days, insiders purchased 100,000 shares of company stock valued at $237,107. Corporate insiders own 2.12% of the company's stock.

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.

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