enCore Energy (CVE:EU) Shares Down 3% - Here's What Happened

Shares of enCore Energy Corp. (CVE:EU - Get Free Report) dropped 3% on Wednesday . The stock 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.

Analyst Upgrades and Downgrades

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

enCore Energy Price Performance

The firm has a 50 day moving average of C$2.22 and a two-hundred day moving average of C$3.43. The stock has a market cap of C$391.12 million, a PE ratio of -6.95 and a beta of 1.20.

Insiders Place Their Bets

In other news, Director William Morris Sheriff purchased 35,000 shares of the business's stock in a transaction on Monday, March 24th. The shares were bought at an average price of C$2.36 per share, with a total value of C$82,747.67. 2.12% of the stock is currently owned by corporate insiders.

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.