Key Points
- Director William Morris Sheriff bought 50,000 enCore Energy shares at an average C$1.24 per share, investing C$62,000 and increasing his ownership by 3.31% to 1,562,169 shares.
- The purchase followed Sheriff’s acquisition of another 100,000 shares the previous day for C$117,000, signaling continued insider buying.
- enCore Energy shares opened at C$1.29, while analysts maintained a “Strong Buy” consensus; Jefferies recently upgraded the stock to “strong buy.”
enCore Energy Corp. (CVE:EU - Get Free Report) Director William Morris Sheriff purchased 50,000 shares of the firm's stock in a transaction dated Tuesday, September 15th. The shares were bought at an average price of C$1.24 per share, with a total value of C$62,000.00. Following the purchase, the director owned 1,562,169 shares in the company, valued at C$1,937,089.56. The trade was a 3.31% 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 stock was bought at an average cost of C$1.17 per share, for a total transaction of C$117,000.00.
enCore Energy Trading Up 1.6%
enCore Energy stock opened at C$1.29 on Wednesday. enCore Energy Corp. has a 12 month low of C$1.08 and a 12 month high of C$5.88. The business's 50 day simple moving average is C$1.68 and its 200 day simple moving average is C$2.15. The company has a market cap of C$250.62 million, a price-to-earnings ratio of -3.91 and a beta of 1.71.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group upgraded enCore Energy to a "strong-buy" rating in a research note on Thursday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, enCore Energy currently has a consensus rating of "Strong Buy".
Get Our Latest Analysis on enCore Energy
About enCore Energy
(
Get Free Report)
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.
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