enCore Energy (CVE:EU) Stock Price Up 19.2% Following Insider Buying Activity

enCore Energy Corp. (CVE:EU)’s share price was up 19.2% during trading on Monday following insider buying activity. The company traded as high as C$1.50 and last traded at C$1.49. Approximately 578,285 shares traded hands during trading, an increase of 14% from the average daily volume of 507,438 shares. The stock had previously closed at C$1.25.

Specifically, Director William Morris Sheriff bought 100,000 shares of the company’s stock in a transaction dated Friday, September 18th. The shares were acquired at an average cost of C$1.14 per share, with a total value of C$114,000.00. Following the completion of the transaction, the director directly owned 1,662,169 shares in the company, valued at approximately C$1,894,872.66. The trade was a 6.40% increase in their position. Also, Director William Morris Sheriff purchased 100,000 shares of enCore Energy stock in a transaction that occurred on Monday, September 14th. The stock was purchased at an average price of C$1.17 per share, with a total value of C$117,000.00. Following the transaction, the director owned 1,512,169 shares in the company, valued at C$1,769,237.73. This represents a 7.08% increase in their position. In other news, Director William Morris Sheriff acquired 50,000 shares of the stock in a transaction on Tuesday, September 15th. The shares were purchased at an average cost of C$1.24 per share, for a total transaction of C$62,000.00. Following the transaction, the director owned 1,562,169 shares in the company, valued at approximately C$1,937,089.56. This trade represents a 3.31% increase in their position.

Analyst Ratings Changes

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

enCore Energy Price Performance

The firm has a market capitalization of C$332.22 million, a PE ratio of -5.18 and a beta of 1.71. The company has a fifty day moving average of C$1.64 and a 200-day moving average of C$2.08.

enCore Energy Company Profile

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.