enCore Energy (CVE:EU) Stock Dropped to Moderate Buy by Canaccord Genuity Group

Canaccord Genuity Group cut shares of enCore Energy (CVE:EU) from a strong-buy rating to a moderate buy rating in a research note published on Friday morning,Zacks reports.

Separately, Jefferies Financial Group upgraded enCore Energy to a “strong-buy” rating in a research note on Thursday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

enCore Energy Stock Performance

EU stock remained flat at C$0.78 during midday trading on Friday. 400,920 shares of the company’s stock were exchanged, compared to its average volume of 504,601. enCore Energy has a twelve month low of C$0.76 and a twelve month high of C$4.99. The company has a market cap of C$151.54 million, a PE ratio of -2.36 and a beta of 2.59. The stock’s 50-day moving average is C$1.29 and its 200-day moving average is C$2.13.

Insider Buying and Selling at enCore Energy

In related news, Director William Morris Sheriff acquired 100,000 shares of the stock in a transaction dated Friday, September 18th. The shares were purchased at an average cost of C$1.14 per share, with a total value of C$114,000.00. Following the transaction, the director directly owned 1,662,169 shares in the company, valued at approximately C$1,894,872.66. This represents a 6.40% increase in their ownership of the stock. Over the last 90 days, insiders bought 250,000 shares of company stock worth $293,000. 2.12% of the stock is owned by insiders.

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.