enCore Energy (CVE:EU) Rating Lowered to Moderate Buy at Canaccord Genuity Group

enCore Energy (CVE:EU) was downgraded by equities researchers at Canaccord Genuity Group from a “strong-buy” rating to a “moderate buy” rating in a research note issued on Friday, Zacks reports.

Separately, Jefferies Financial Group raised shares of enCore Energy to a “strong-buy” rating in a research note on Thursday, September 3rd. Two analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Strong Buy”.

enCore Energy Stock Performance

Shares of EU stock remained flat at C$0.78 on Friday. The stock had a trading volume of 400,920 shares, compared to its average volume of 504,601. The firm has a market capitalization of C$151.54 million, a PE ratio of -2.36 and a beta of 2.59. The stock’s 50 day simple moving average is C$1.29 and its 200-day simple moving average is C$2.13. enCore Energy has a one year low of C$0.76 and a one year high of C$4.99.

Insiders Place Their Bets

In other enCore Energy news, Director William Morris Sheriff bought 100,000 shares of the firm’s stock in a transaction on Friday, September 18th. The stock was purchased at an average cost of C$1.14 per share, with a total value of C$114,000.00. Following the completion of the purchase, 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 ownership of the stock. Insiders bought 250,000 shares of company stock worth $293,000 in the last 90 days. 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.