enCore Energy (NASDAQ:EU) Director Acquires $50,400.00 in Stock

enCore Energy Corp. (NASDAQ:EU) Director Wayne Heili purchased 35,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was bought at an average cost of $1.44 per share, for a total transaction of $50,400.00. Following the purchase, the director owned 35,000 shares of the company’s stock, valued at approximately $50,400. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

enCore Energy Stock Up 9.1%

EU traded up $0.14 during trading on Tuesday, reaching $1.68. The company had a trading volume of 7,674,291 shares, compared to its average volume of 3,072,303. The company has a debt-to-equity ratio of 0.39, a current ratio of 11.08 and a quick ratio of 10.25. enCore Energy Corp. has a 12 month low of $1.26 and a 12 month high of $4.19. The business’s fifty day moving average price is $1.71 and its 200 day moving average price is $2.27. The company has a market cap of $326.34 million, a P/E ratio of -11.20 and a beta of 2.01.

enCore Energy (NASDAQ:EU) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). enCore Energy had a negative net margin of 62.96% and a negative return on equity of 21.98%. The company had revenue of $18.30 million during the quarter, compared to the consensus estimate of $9.30 million. Equities analysts anticipate that enCore Energy Corp. will post -0.32 EPS for the current year.

Institutional Trading of enCore Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp raised its holdings in shares of enCore Energy by 76.7% in the third quarter. Van ECK Associates Corp now owns 15,972,156 shares of the company’s stock valued at $51,271,000 after purchasing an additional 6,933,454 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of enCore Energy by 5.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,798,779 shares of the company’s stock valued at $34,846,000 after purchasing an additional 582,974 shares during the last quarter. Azarias Capital Management L.P. raised its holdings in shares of enCore Energy by 22.6% in the first quarter. Azarias Capital Management L.P. now owns 5,067,708 shares of the company’s stock valued at $9,122,000 after purchasing an additional 934,857 shares during the last quarter. MMCAP International Inc. SPC raised its holdings in shares of enCore Energy by 13.0% in the third quarter. MMCAP International Inc. SPC now owns 4,316,838 shares of the company’s stock valued at $13,857,000 after purchasing an additional 497,337 shares during the last quarter. Finally, Vident Advisory LLC raised its holdings in shares of enCore Energy by 3.8% in the third quarter. Vident Advisory LLC now owns 3,293,914 shares of the company’s stock valued at $10,629,000 after purchasing an additional 121,152 shares during the last quarter. 20.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EU. Weiss Ratings lowered shares of enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, June 8th. HC Wainwright cut their price target on shares of enCore Energy from $4.00 to $3.75 and set a “buy” rating on the stock in a research note on Friday, May 15th. Wall Street Zen upgraded shares of enCore Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Northland Securities set a $3.75 price objective on shares of enCore Energy in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $3.83.

enCore Energy Company Profile

enCore Energy Inc is a U.S.-based uranium exploration and development company focused on deploying in-situ recovery (ISR) technology to bring domestic uranium projects into production. The company’s operations are centered on the Nichols Ranch ISR facility in Wyoming, which represents enCore’s flagship asset and its nearest-term production opportunity. Through ISR methods, enCore seeks to extract uranium with lower environmental impact and capital requirements relative to conventional mining.

In addition to Nichols Ranch, enCore holds a diversified portfolio of uranium properties in the western United States, including the Roca Honda project in New Mexico and several ISR-amenable projects in the Texas and Oklahoma regions.