enCore Energy (NASDAQ:EU) Director Sells 30,648 Shares of Stock

enCore Energy Corp. (NASDAQ:EU) Director Susan Hoxie-Key sold 30,648 shares of the business’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $0.94, for a total value of $28,809.12. Following the transaction, the director owned 60,918 shares in the company, valued at approximately $57,262.92. This represents a 33.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

enCore Energy Trading Down 0.8%

NASDAQ EU traded down $0.01 on Tuesday, hitting $0.91. The company’s stock had a trading volume of 2,167,243 shares, compared to its average volume of 3,710,707. enCore Energy Corp. has a 52-week low of $0.77 and a 52-week high of $4.18. The company has a current ratio of 8.00, a quick ratio of 6.84 and a debt-to-equity ratio of 0.45. The company’s 50-day simple moving average is $1.15 and its 200 day simple moving average is $1.42. The firm has a market cap of $177.30 million, a P/E ratio of -2.77 and a beta of 2.16.

enCore Energy (NASDAQ:EU) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.11). enCore Energy had a negative return on equity of 28.00% and a negative net margin of 112.82%. The business had revenue of $15.70 million during the quarter. Research analysts predict that enCore Energy Corp. will post -0.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EU. HC Wainwright dropped their price target on enCore Energy from $3.75 to $3.50 and set a “buy” rating for the company in a research note on Friday, August 14th. Weiss Ratings downgraded shares of enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 14th. Jefferies Financial Group assumed coverage on shares of enCore Energy in a report on Thursday, September 3rd. They issued a “buy” rating and a $1.44 price objective for the company. Zacks Research upgraded shares of enCore Energy from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, Wall Street Zen cut shares of enCore Energy from a “hold” rating to a “strong sell” rating in a research report on Saturday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has assigned 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 $2.90.

Institutional Trading of enCore Energy

Large investors have recently bought and sold shares of the company. Azarias Capital Management L.P. boosted its position in shares of enCore Energy by 22.6% during 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 in the last quarter. Tidal Investments LLC bought a new position in enCore Energy in the second quarter worth $2,755,000. Goehring & Rozencwajg Associates LLC raised its holdings in enCore Energy by 19.3% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,464,724 shares of the company’s stock worth $2,637,000 after purchasing an additional 237,469 shares in the last quarter. Pacer Advisors Inc. bought a new position in enCore Energy in the fourth quarter worth $2,379,000. Finally, Bank of New York Mellon Corp purchased a new position in enCore Energy during the second quarter valued at $725,000. 20.86% of the stock is owned by institutional investors.

enCore Energy Company Profile

enCore Energy Corp. is a uranium company focused on the exploration, development and production of uranium in the United States. The company uses in-situ recovery (ISR), a method that extracts uranium from underground deposits by circulating a solution through the host formation and processing the recovered material at licensed facilities.

enCore’s portfolio is concentrated in South Texas and includes the Rosita and Alta Mesa uranium processing facilities, along with associated well fields, mineral rights and development projects.