enCore Energy (CVE:EU) Hits New 52-Week Low – Time to Sell?

enCore Energy Corp. (CVE:EU)’s share price reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as C$0.87 and last traded at C$0.86, with a volume of 189,929 shares. The stock had previously closed at C$0.89.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised shares of 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. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

enCore Energy Price Performance

The stock has a market cap of C$165.14 million, a PE ratio of -2.58 and a beta of 2.59. The business has a fifty day moving average of C$1.35 and a 200-day moving average of C$2.18.

Insider Activity at enCore Energy

In related news, Director William Morris Sheriff bought 100,000 shares of the stock in a transaction on Friday, September 18th. The stock was bought at an average price of C$1.14 per share, for a total transaction of C$114,000.00. Following the completion of the acquisition, the director directly owned 1,662,169 shares in the company, valued at approximately C$1,894,872.66. This represents a 6.40% increase in their ownership of the stock. Insiders acquired a total of 250,000 shares of company stock worth $293,000 in the last 90 days. Company 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.