enCore Energy (CVE:EU) Trading Up 17.6% - Should You Buy?

Shares of enCore Energy Corp. (CVE:EU - Get Free Report) rose 17.6% during mid-day trading on Friday . The stock traded as high as C$2.72 and last traded at C$2.61. Approximately 282,718 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 349,604 shares. The stock had previously closed at C$2.22.

Wall Street Analysts Forecast Growth

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

enCore Energy Stock Performance

The firm has a market capitalization of C$391.12 million, a P/E ratio of -6.95 and a beta of 1.20. The stock has a 50 day moving average of C$2.09 and a 200-day moving average of C$3.57.

Insider Buying and Selling

In other news, Director William Morris Sheriff acquired 30,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was purchased at an average cost of C$2.38 per share, with a total value of C$71,280.00. Over the last quarter, insiders have acquired 100,000 shares of company stock worth $237,107. Corporate insiders own 2.12% of the company's stock.

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.