enCore Energy (CVE:EU) Stock Price Down 1.6% – Time to Sell?

Shares of enCore Energy Corp. (CVE:EU) were down 1.6% on Thursday . The company traded as low as C$4.49 and last traded at C$4.79. Approximately 871,638 shares traded hands during trading, an increase of 42% from the average daily volume of 613,658 shares. The stock had previously closed at C$4.87.

Wall Street Analysts Forecast Growth

Separately, Northland Securities upgraded enCore Energy to a “strong-buy” rating in a research report on Tuesday, January 6th. Three analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has an average rating of “Strong Buy”.

enCore Energy Stock Down 1.6%

The company has a market capitalization of C$897.08 million, a price-to-earnings ratio of -17.11 and a beta of 1.40. The business has a fifty day simple moving average of C$3.87 and a two-hundred day simple moving average of C$3.89.

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.