EU Stock Summary and Trading Ideas (Encore Energy Corp. | NASDAQ:EU)

enCore Energy Corp together with its subsidiary, is engaged in the acquisition and exploration of resource properties. The holds a portfolio of uranium assets located in New Mexico, South Dakota, Wyoming, Texas, Utah, Colorado, and Arizona in the USA, and is advancing its properties with a focus on utilizing in-situ recovery. The company's material properties and projects are the Rosita Project located in Texas, the Alta Mesa Uranium project in Texas, the Crownpoint and Hosta Butte Uranium Project located in New Mexico, the Dewey Burdock Project located in South Dakota, and the Gas Hills Project located in Wyoming.

Encore Energy Corp. trades on the NASDAQ stock market under the symbol EU.

As of May 6, 2024, EU stock price climbed to $4.89 with 993,063 million shares trading.

EU has a beta of 0.96, meaning it tends to be less sensitive to market movements. EU has a correlation of 0.06 to the broad based SPY ETF.

EU has a market cap of $899.24 million. This is considered a Small Cap stock.

The top ETF exchange traded funds that EU belongs to (by Net Assets): IWM, IWN, NLR, VTWO, IWC.

EU has outperformed the market in the last year with a price return of +134.0% while the SPY ETF gained +28.3%. However, in the short term, EU had mixed performance relative to the market. It has underperformed in the last 3 months, returning +3.2% vs +4.8% return in SPY. But in the last 2 weeks, EU shares have fared better than the market returning +17.3% compared to SPY +4.3%.

EU support price is $4.67 and resistance is $4.98 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EU stock will trade within this expected range on the day.