enCore Energy (CVE:EU) Stock Price Up 0.3% – Time to Buy?

enCore Energy Corp. (CVE:EU) shares were up 0.3% on Monday . The company traded as high as C$3.68 and last traded at C$3.62. Approximately 187,799 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 579,278 shares. The stock had previously closed at C$3.61.

Wall Street Analysts Forecast Growth

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

enCore Energy Stock Performance

The stock’s 50-day moving average is C$3.86 and its 200 day moving average is C$3.87. The stock has a market capitalization of C$677.96 million, a PE ratio of -12.93 and a beta of 1.74.

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.