Dennis Stover Sells 20,000 Shares of enCore Energy (NASDAQ:EU) Stock

enCore Energy Corp. (NASDAQ:EU) Director Dennis Stover sold 20,000 shares of enCore Energy stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $3.33, for a total value of $66,600.00. Following the sale, the director directly owned 488,500 shares of the company’s stock, valued at $1,626,705. This trade represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

enCore Energy Stock Down 1.5%

EU stock opened at $3.37 on Friday. The business has a 50 day moving average price of $2.72 and a 200 day moving average price of $2.27. The stock has a market cap of $630.53 million, a price-to-earnings ratio of -9.63 and a beta of 1.98. enCore Energy Corp. has a fifty-two week low of $1.01 and a fifty-two week high of $4.44.

enCore Energy (NASDAQ:EU) last posted its earnings results on Monday, August 11th. The company reported ($0.07) earnings per share for the quarter. enCore Energy had a negative net margin of 143.28% and a negative return on equity of 19.23%. The firm had revenue of $3.66 million during the quarter. As a group, sell-side analysts anticipate that enCore Energy Corp. will post -0.2 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. purchased a new position in shares of enCore Energy in the second quarter valued at $29,000. Tower Research Capital LLC TRC increased its holdings in enCore Energy by 88.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 16,105 shares of the company’s stock valued at $46,000 after acquiring an additional 7,540 shares in the last quarter. Vident Advisory LLC increased its holdings in enCore Energy by 32.9% during the 2nd quarter. Vident Advisory LLC now owns 3,172,762 shares of the company’s stock valued at $9,045,000 after acquiring an additional 785,568 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of enCore Energy by 25.1% during the 2nd quarter. Raymond James Financial Inc. now owns 19,968 shares of the company’s stock worth $57,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Main Street Financial Solutions LLC purchased a new position in shares of enCore Energy during the 2nd quarter worth approximately $87,000. Hedge funds and other institutional investors own 20.86% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on EU shares. Zacks Research raised enCore Energy to a “hold” rating in a research note on Tuesday, August 12th. HC Wainwright increased their target price on enCore Energy from $2.75 to $4.00 and gave the stock a “buy” rating in a research note on Tuesday, August 12th. B. Riley started coverage on enCore Energy in a research note on Wednesday, July 23rd. They set a “buy” rating and a $4.00 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of enCore Energy in a research report on Wednesday. Finally, Wall Street Zen upgraded enCore Energy from a “sell” rating to a “hold” rating in a research report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.00.

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 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.