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

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.

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

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.