Insider Buying: enCore Energy (CVE:EU) Director Acquires C$62,000.00 in Stock

enCore Energy Corp. (CVE:EU) Director William Morris Sheriff bought 50,000 shares of the stock in a transaction dated Tuesday, September 15th. The shares were acquired at an average price of C$1.24 per share, with a total value of C$62,000.00. Following the completion of the purchase, the director directly owned 1,562,169 shares of the company’s stock, valued at approximately C$1,937,089.56. This represents 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 acquired at an average price of C$1.17 per share, for a total transaction of C$117,000.00.

enCore Energy Price Performance

CVE EU opened at C$1.38 on Friday. enCore Energy Corp. has a 12 month low of C$1.08 and a 12 month high of C$5.88. The company’s fifty day moving average price is C$1.65 and its two-hundred day moving average price is C$2.12. The company has a market capitalization of C$268.11 million, a price-to-earnings ratio of -4.18 and a beta of 1.71.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised enCore Energy to a “strong-buy” rating in a report on Thursday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, enCore Energy currently has a consensus rating of “Strong Buy”.

enCore Energy Company Profile

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.