enCore Energy (CVE:EU) Trading Down 2% – Here’s What Happened

enCore Energy Corp. (CVE:EU)’s share price traded down 2% on Friday . The company traded as low as C$4.48 and last traded at C$4.52. 265,669 shares were traded during trading, a decline of 21% from the average session volume of 335,005 shares. The stock had previously closed at C$4.61.

Analyst Ratings Changes

Separately, Haywood Securities raised enCore Energy to a “strong-buy” rating in a report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

enCore Energy Trading Down 2.0%

The firm has a 50-day moving average of C$3.66 and a 200 day moving average of C$3.05. The stock has a market capitalization of C$845.67 million, a price-to-earnings ratio of -13.29 and a beta of 1.23.

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.