Insider Buying: enCore Energy (CVE:EU) Director Buys C$114,000.00 in Stock

enCore Energy Corp. (CVE:EU) Director William Morris Sheriff bought 100,000 shares of the business’s stock in a transaction on Friday, September 18th. The stock was acquired at an average cost of C$1.14 per share, for a total transaction of C$114,000.00. Following the acquisition, the director directly owned 1,662,169 shares of the company’s stock, valued at C$1,894,872.66. The trade was a 6.40% increase in their ownership of the stock.

William Morris Sheriff also recently made the following trade(s):

• On Monday, September 14th, William Morris Sheriff purchased 100,000 shares of enCore Energy stock. The shares were purchased at an average price of C$1.17 per share, with a total value of C$117,000.00.
• On Tuesday, September 15th, William Morris Sheriff bought 50,000 shares of enCore Energy stock. The stock was purchased at an average price of C$1.24 per share, with a total value of C$62,000.00.

enCore Energy Price Performance

EU opened at C$1.70 on Thursday. enCore Energy Corp. has a 12 month low of C$1.08 and a 12 month high of C$5.88. The stock’s 50 day moving average price is C$1.64 and its 200 day moving average price is C$2.08. The stock has a market cap of C$330.28 million, a P/E ratio of -5.15 and a beta of 1.71.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded shares of enCore Energy to a “strong-buy” rating in a report on Thursday, September 3rd. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

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.