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enCore Energy (CVE:EU) Trading 19.8% Higher - Here's What Happened

enCore Energy logo with Energy background

Shares of enCore Energy Corp. (CVE:EU - Get Free Report) rose 19.8% during trading on Friday . The stock traded as high as C$2.72 and last traded at C$2.66. Approximately 207,758 shares were traded during trading, a decline of 40% from the average daily volume of 348,955 shares. The stock had previously closed at C$2.22.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on EU

enCore Energy Price Performance

The stock has a market capitalization of C$391.12 million, a PE ratio of -6.95 and a beta of 1.20. The business's fifty day moving average price is C$2.09 and its two-hundred day moving average price is C$3.57.

Insiders Place Their Bets

In related news, Director William Morris Sheriff acquired 35,000 shares of the stock in a transaction on Monday, March 24th. The shares were acquired at an average price of C$2.36 per share, for a total transaction of C$82,747.67. In the last ninety days, insiders acquired 100,000 shares of company stock valued at $237,107. 2.12% of the stock is owned by insiders.

enCore Energy Company Profile

(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.

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