Insider Buying: enCore Energy (CVE:EU) Director Acquires 100,000 Shares of Stock

enCore Energy Corp. (CVE:EU) Director William Morris Sheriff purchased 100,000 shares of the stock in a transaction dated Friday, September 18th. The shares were bought at an average price of C$1.14 per share, with a total value of C$114,000.00. Following the completion of the acquisition, the director directly owned 1,662,169 shares of the company’s stock, valued at approximately 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 acquired 100,000 shares of enCore Energy stock. The shares were purchased at an average cost of C$1.17 per share, for a total transaction of C$117,000.00.
• On Tuesday, September 15th, William Morris Sheriff acquired 50,000 shares of enCore Energy stock. The shares were purchased at an average cost of C$1.24 per share, for a total transaction of C$62,000.00.

enCore Energy Price Performance

EU stock traded up C$0.27 during midday trading on Monday, reaching C$1.52. 1,133,682 shares of the stock were exchanged, compared to its average volume of 510,730. enCore Energy Corp. has a 52 week low of C$1.08 and a 52 week high of C$5.88. The company has a fifty day moving average price of C$1.64 and a 200 day moving average price of C$2.09. The stock has a market capitalization of C$295.31 million, a PE ratio of -4.61 and a beta of 1.71.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised 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, enCore Energy has a consensus rating of “Strong Buy”.

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.