Key Points
- Director William Morris Sheriff bought 100,000 enCore Energy shares at C$1.14 each, investing C$114,000 and increasing his position by 6.40% to 1.66 million shares.
- Sheriff has made two additional purchases recently, acquiring 150,000 shares for a combined C$179,000, signaling continued insider buying.
- enCore Energy shares opened at C$1.52, while analysts maintain a “Strong Buy” consensus; Jefferies recently upgraded the stock to “strong buy.”
enCore Energy Corp. (CVE:EU - Get Free Report) Director William Morris Sheriff acquired 100,000 shares of enCore Energy stock in a transaction that occurred on 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 purchase, the director owned 1,662,169 shares of the company's stock, valued at C$1,894,872.66. This represents a 6.40% increase in their position.
William Morris Sheriff also recently made the following trade(s):
- On Monday, September 14th, William Morris Sheriff bought 100,000 shares of enCore Energy stock. The stock was purchased at an average price of C$1.17 per share, for a total transaction of C$117,000.00.
- On Tuesday, September 15th, William Morris Sheriff purchased 50,000 shares of enCore Energy stock. The stock was purchased at an average cost of C$1.24 per share, with a total value of C$62,000.00.
enCore Energy Price Performance
Shares of CVE:EU opened at C$1.52 on Tuesday. The firm has a fifty day moving average price of C$1.64 and a two-hundred day moving average price of C$2.09. The company has a market cap of C$295.31 million, a price-to-earnings ratio of -4.61 and a beta of 1.71. enCore Energy Corp. has a one year low of C$1.08 and a one year high of C$5.88.
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 equities research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Strong Buy".
Check Out Our Latest Research Report on enCore Energy
enCore Energy Company Profile
(
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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