enCore Energy (CVE:EU) Stock Price Up 15.4% - Here's Why

Shares of enCore Energy Corp. (CVE:EU - Get Free Report) rose 15.4% during trading on Monday . The stock traded as high as C$3.54 and last traded at C$3.44. Approximately 274,401 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 336,308 shares. The stock had previously closed at C$2.98.

Analysts Set New Price Targets

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

enCore Energy Stock Down 1.2%

The company's 50 day moving average is C$2.47 and its 200 day moving average is C$3.32. The firm has a market capitalization of C$443.01 million, a price-to-earnings ratio of -7.87 and a beta of 1.20.

Insider Activity at enCore Energy

In other news, Director William Morris Sheriff acquired 35,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was acquired 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.