enCore Energy (NASDAQ:EU) Sees Strong Trading Volume – Here’s What Happened

Shares of enCore Energy Corp. (NASDAQ:EU) saw unusually-high trading volume on Thursday . Approximately 1,042,366 shares traded hands during mid-day trading, a decline of 15% from the previous session’s volume of 1,229,049 shares.The stock last traded at $3.54 and had previously closed at $3.41.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and set a $7.00 price target on shares of enCore Energy in a research report on Tuesday, November 19th.

enCore Energy Stock Performance

The stock has a market capitalization of $668.15 million, a P/E ratio of -12.82 and a beta of -0.04. The business has a fifty day simple moving average of $3.60 and a 200-day simple moving average of $3.74.

Institutional Investors Weigh In On enCore Energy

Several hedge funds and other institutional investors have recently modified their holdings of EU. Rathbones Group PLC acquired a new stake in shares of enCore Energy in the 2nd quarter worth about $39,000. Xponance Inc. bought a new stake in enCore Energy during the 2nd quarter worth approximately $43,000. Sei Investments Co. purchased a new stake in shares of enCore Energy in the second quarter worth approximately $46,000. Franklin Resources Inc. bought a new position in shares of enCore Energy in the third quarter valued at approximately $60,000. Finally, Principal Financial Group Inc. boosted its position in shares of enCore Energy by 19.6% during the second quarter. Principal Financial Group Inc. now owns 22,317 shares of the company’s stock valued at $88,000 after buying an additional 3,652 shares during the last quarter. Institutional investors own 20.86% of the company’s stock.

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 Crownpoint and Hosta Butte uranium project area covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also holds interest in the Marquez-Juan Tafoya property comprises 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project comprising 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.