enCore Energy (CVE:EU) Hits New 52-Week Low – Here’s Why

Shares of enCore Energy Corp. (CVE:EU) reached a new 52-week low on Monday . The stock traded as low as C$1.80 and last traded at C$1.88, with a volume of 337976 shares trading hands. The stock had previously closed at C$1.90.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts upgraded shares of enCore Energy to a “strong-buy” rating in a report on Monday, March 10th.

enCore Energy Price Performance

The company has a market cap of C$243.46 million, a PE ratio of -4.32 and a beta of 1.20. The business has a fifty day simple moving average of C$3.35 and a two-hundred day simple moving average of C$4.55.

Insider Buying and Selling

In other news, Director William Morris Sheriff purchased 30,000 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were acquired at an average cost of C$2.38 per share, with a total value of C$71,280.00. Insiders purchased 100,000 shares of company stock worth $237,107 in the last three months. 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.