enCore Energy (CVE:EU) Trading Up 15.4% - Still a Buy?

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

Analysts Set New Price Targets

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

enCore Energy Stock Performance

The company has a market cap of C$440.35 million, a price-to-earnings ratio of -7.82 and a beta of 1.20. The company's 50 day moving average price is C$2.37 and its 200-day moving average price is C$3.34.

Insider Buying and Selling

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

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.