enCore Energy (NASDAQ:EU) Stock Price Down 2.7% – Here’s What Happened

enCore Energy Corp. (NASDAQ:EU) was down 2.7% on Friday . The company traded as low as $3.22 and last traded at $3.29. Approximately 403,084 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 1,220,349 shares. The stock had previously closed at $3.38.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. HC Wainwright reiterated a “buy” rating and issued a $7.00 price objective on shares of enCore Energy in a report on Tuesday, November 19th. Ventum Cap Mkts raised enCore Energy to a “strong-buy” rating in a report on Thursday, August 22nd.

enCore Energy Stock Down 1.8 %

The firm has a market cap of $617.86 million, a P/E ratio of -11.86 and a beta of -0.04. The business’s 50 day moving average is $3.77 and its 200-day moving average is $3.81.

Institutional Trading of enCore Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. Rathbones Group PLC acquired a new stake in shares of enCore Energy during the second quarter worth $39,000. Xponance Inc. bought a new stake in shares of enCore Energy during the 2nd quarter valued at about $43,000. Sei Investments Co. bought a new position in enCore Energy in the second quarter worth about $46,000. Franklin Resources Inc. bought a new position in shares of enCore Energy during the third quarter valued at approximately $60,000. Finally, Principal Financial Group Inc. raised its position in shares of enCore Energy by 19.6% during the 2nd quarter. Principal Financial Group Inc. now owns 22,317 shares of the company’s stock worth $88,000 after purchasing an additional 3,652 shares during the period. Institutional investors and hedge funds own 20.86% of the company’s stock.

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 Crownpoint and Hosta Butte uranium project area covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also holds interest in the Marquez-Juan Tafoya property comprises 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project comprising 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.