enCore Energy Corp. (CVE:EU - Get Free Report)'s stock price dropped 3% during mid-day trading on Wednesday . The company traded as low as C$2.88 and last traded at C$2.93. Approximately 93,069 shares changed hands during trading, a decline of 73% from the average daily volume of 344,881 shares. The stock had previously closed at C$3.02.
Wall Street Analyst Weigh In
Separately, Ventum Cap Mkts upgraded enCore Energy to a "strong-buy" rating in a research note on Monday, March 10th.
Get Our Latest Research Report on enCore Energy
enCore Energy Stock Down 0.3%
The stock has a 50 day moving average of C$2.20 and a 200 day moving average of C$3.48. The firm has a market cap of C$391.12 million, a price-to-earnings ratio of -6.95 and a beta of 1.20.
Insider Activity
In other enCore Energy news, Director William Morris Sheriff purchased 35,000 shares of the stock in a transaction dated Monday, March 24th. The stock was bought at an average price of C$2.36 per share, with a total value of C$82,747.67. Corporate insiders own 2.12% of the company's stock.
About enCore Energy
(
Get Free Report)
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.
Read More
Before you consider enCore Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and enCore Energy wasn't on the list.
While enCore Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
