enCore Energy (CVE:EU) Trading 2.7% Higher – What’s Next?

enCore Energy Corp. (CVE:EU)’s stock price traded up 2.7% on Friday . The stock traded as high as C$4.97 and last traded at C$4.97. 137,731 shares traded hands during trading, a decline of 32% from the average session volume of 203,428 shares. The stock had previously closed at C$4.84.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their price target on enCore Energy from C$8.00 to C$8.50 and gave the stock a “buy” rating in a report on Tuesday, September 24th.

enCore Energy Stock Performance

The firm has a market capitalization of C$918.11 million, a price-to-earnings ratio of -27.61 and a beta of 1.20. The company’s 50 day simple moving average is C$5.14.

Insider Activity at enCore Energy

In other enCore Energy news, Director William Morris Sheriff sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$5.11, for a total value of C$122,701.63. Company 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.