enCore Energy (CVE:EU) Reaches New 1-Year Low – Here’s Why

enCore Energy Corp. (CVE:EU)’s share price reached a new 52-week low on Tuesday. The stock traded as low as C$0.94 and last traded at C$0.94, with a volume of 235,022 shares traded. The stock had previously closed at C$1.05.

Analyst Ratings Changes

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

enCore Energy Trading Down 10.5%

The firm has a 50 day simple moving average of C$1.45 and a 200 day simple moving average of C$2.29. The firm has a market capitalization of C$182.62 million, a PE ratio of -2.85 and a beta of 2.43.

Insider Buying and Selling at enCore Energy

In other enCore Energy news, Director William Morris Sheriff purchased 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 completion of the acquisition, the director directly owned 1,662,169 shares in the company, valued at C$1,894,872.66. This trade represents a 6.40% increase in their position. Insiders acquired a total of 250,000 shares of company stock valued at $293,000 in the last three months. 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.