enCore Energy (CVE:EU) Hits New 1-Year Low – What’s Next?

Shares of enCore Energy Corp. (CVE:EU) reached a new 52-week low during trading on Wednesday. The company traded as low as C$0.87 and last traded at C$0.86, with a volume of 189,929 shares traded. The stock had previously closed at C$0.89.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded enCore Energy to a “strong-buy” rating in a research note on Thursday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

enCore Energy Price Performance

The stock’s fifty day moving average is C$1.35 and its 200-day moving average is C$2.18. The stock has a market capitalization of C$165.14 million, a PE ratio of -2.58 and a beta of 2.59.

Insider Buying and Selling at enCore Energy

In other news, Director William Morris Sheriff acquired 100,000 shares of the firm’s stock in a transaction on Friday, September 18th. The stock was acquired at an average price of C$1.14 per share, for a total transaction of C$114,000.00. Following the completion of the transaction, the director owned 1,662,169 shares in the company, valued at approximately C$1,894,872.66. The trade was a 6.40% increase in their position. Insiders have bought a total of 250,000 shares of company stock valued at $293,000 in the last three months. Corporate 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.