enCore Energy (CVE:EU) Shares Up 10.4%

enCore Energy Corp. (CVE:EU)’s stock price traded up 10.4% during mid-day trading on Monday . The stock traded as high as C$5.59 and last traded at C$5.51. 167,545 shares were traded during mid-day trading, a decline of 18% from the average session volume of 204,211 shares. The stock had previously closed at C$4.99.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EU. Ventum Financial set a C$7.00 price objective on enCore Energy and gave the company a “buy” rating in a research report on Thursday, August 22nd. Ventum Cap Mkts raised enCore Energy to a “strong-buy” rating in a report on Monday, July 8th.

enCore Energy Trading Up 14.1 %

The firm has a market capitalization of C$1.05 billion, a price-to-earnings ratio of -27.72 and a beta of 1.19. The firm has a fifty day simple moving average of C$4.86.

enCore Energy (CVE:EU) last released its quarterly earnings results on Wednesday, August 14th. The company reported C($0.07) earnings per share (EPS) for the quarter. The firm had revenue of C$7.28 million during the quarter. enCore Energy had a negative return on equity of 6.92% and a negative net margin of 58.43%.

Insider Transactions at enCore Energy

In other news, Director William Morris Sheriff sold 10,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$3.80, for a total value of C$38,000.00. Company insiders own 2.12% of the company’s stock.

About enCore Energy

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.