enCore Energy (CVE:EU) Stock Price Up 2.7% – Here’s What Happened

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

Analyst Ratings Changes

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

enCore Energy Trading Up 2.7 %

The stock has a 50 day moving average price of C$5.14. The company has a market capitalization of C$918.11 million, a PE ratio of -27.61 and a beta of 1.20.

Insiders Place Their Bets

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