enCore Energy (CVE:EU) Stock Price Up 10.5% – Still a Buy?

enCore Energy Corp. (CVE:EU) shares were up 10.5% during trading on Friday . The stock traded as high as C$1.69 and last traded at C$1.69. 142,499 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 464,657 shares. The stock had previously closed at C$1.53.

enCore Energy Price Performance

The stock has a market capitalization of C$328.25 million, a P/E ratio of -12.07 and a beta of 1.48. The stock has a fifty day moving average price of C$1.83 and a 200 day moving average price of C$2.51.

Insider Buying and Selling

In related news, Director Wayne William Heili acquired 35,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was bought at an average cost of C$1.98 per share, with a total value of C$69,300.00. Following the acquisition, the director owned 35,000 shares of the company’s stock, valued at approximately C$69,300. The trade was a ∞ increase in their position. Also, Director Richard Little acquired 16,942 shares of enCore Energy stock in a transaction dated Tuesday, June 9th. The shares were purchased at an average price of C$1.76 per share, for a total transaction of C$29,817.92. Following the completion of the transaction, the director directly owned 46,982 shares in the company, valued at approximately C$82,688.32. The trade was a 56.40% increase in their position. Over the last three months, insiders have purchased 184,905 shares of company stock worth $345,228. 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.