enCore Energy (CVE:EU) Trading 14.1% Higher - Should You Buy?

enCore Energy Corp. (CVE:EU - Get Free Report)'s share price was up 14.1% during mid-day trading on Monday . The stock traded as high as C$3.54 and last traded at C$3.40. Approximately 383,930 shares were traded during trading, an increase of 14% from the average daily volume of 337,162 shares. The stock had previously closed at C$2.98.

Wall Street Analyst Weigh In

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

enCore Energy Stock Performance

The company's fifty day simple moving average is C$2.47 and its two-hundred day simple moving average is C$3.32. The stock has a market capitalization of C$443.01 million, a P/E ratio of -7.87 and a beta of 1.20.

Insider Transactions at enCore Energy

In other enCore Energy news, Director William Morris Sheriff purchased 35,000 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were acquired at an average cost of C$2.36 per share, with a total value of C$82,747.67. 2.12% of the stock is 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.