enCore Energy (CVE:EU) Reaches New 12-Month Low – Should You Sell?

Shares of enCore Energy Corp. (CVE:EU) hit a new 52-week low during trading on Monday . The company traded as low as C$1.80 and last traded at C$1.88, with a volume of 337976 shares trading hands. The stock had previously closed at C$1.90.

Analyst Ratings Changes

Separately, Ventum Cap Mkts upgraded enCore Energy to a “strong-buy” rating in a report on Monday, March 10th.

enCore Energy Price Performance

The stock has a 50-day moving average of C$3.47 and a 200-day moving average of C$4.59. The firm has a market cap of C$272.72 million, a price-to-earnings ratio of -4.84 and a beta of 1.20.

Insider Transactions at enCore Energy

In other news, Director William Morris Sheriff acquired 35,000 shares of the stock in a transaction dated Monday, March 24th. The stock was bought at an average price of C$2.36 per share, with a total value of C$82,747.67. In the last quarter, insiders acquired 100,000 shares of company stock valued at $237,107. 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.