enCore Energy (CVE:EU) Shares Up 10.5% – Still a Buy?

Shares of enCore Energy Corp. (CVE:EU) traded up 10.5% on Friday . The company traded as high as C$1.69 and last traded at C$1.69. Approximately 142,499 shares traded hands during trading, a decline of 69% from the average daily volume of 464,657 shares. The stock had previously closed at C$1.53.

enCore Energy Trading Up 10.5%

The company has a market capitalization of C$328.25 million, a P/E ratio of -12.07 and a beta of 1.48. The company’s 50 day moving average is C$1.83 and its 200-day moving average is C$2.51.

Insider Buying and Selling at enCore Energy

In other enCore Energy news, Director Mark Pelizza bought 18,671 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was acquired at an average price of C$1.87 per share, with a total value of C$34,914.77. Following the transaction, the director owned 157,004 shares in the company, valued at C$293,597.48. This represents a 13.50% increase in their ownership of the stock. Also, Director Richard Little purchased 16,942 shares of enCore Energy stock in a transaction dated Tuesday, June 9th. The stock was bought at an average price of C$1.76 per share, with a total value of C$29,817.92. Following the completion of the purchase, the director directly owned 46,982 shares of the company’s stock, valued at approximately C$82,688.32. This trade represents a 56.40% increase in their ownership of the stock. In the last three months, insiders have acquired 184,905 shares of company stock worth $345,228. Insiders own 2.12% 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 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.