enCore Energy Corp. $EU Shares Bought by MMCAP International Inc. SPC

MMCAP International Inc. SPC lifted its position in shares of enCore Energy Corp. (NASDAQ:EU) by 13.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,316,838 shares of the company’s stock after acquiring an additional 497,337 shares during the period. enCore Energy accounts for 1.6% of MMCAP International Inc. SPC’s portfolio, making the stock its 18th biggest holding. MMCAP International Inc. SPC owned about 2.31% of enCore Energy worth $13,857,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new stake in shares of enCore Energy in the second quarter valued at approximately $68,000. Azarias Capital Management L.P. boosted its position in shares of enCore Energy by 9.6% during the third quarter. Azarias Capital Management L.P. now owns 4,032,939 shares of the company’s stock worth $12,946,000 after buying an additional 352,775 shares during the period. Vanguard Personalized Indexing Management LLC bought a new position in enCore Energy in the 2nd quarter worth approximately $35,000. Accordant Advisory Group Inc increased its position in enCore Energy by 4.6% in the 2nd quarter. Accordant Advisory Group Inc now owns 287,590 shares of the company’s stock valued at $823,000 after acquiring an additional 12,777 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in enCore Energy by 222.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,405 shares of the company’s stock valued at $27,000 after acquiring an additional 5,797 shares in the last quarter. 20.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EU has been the subject of several recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of enCore Energy in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of enCore Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Finally, Northland Securities assumed coverage on shares of enCore Energy in a research note on Tuesday, January 6th. They set an “outperform” rating and a $3.50 target price on the stock. Two 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 given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.83.

Insider Buying and Selling at enCore Energy

In other news, insider William M. Sheriff sold 24,000 shares of enCore Energy stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $2.37, for a total value of $56,880.00. Following the transaction, the insider owned 2,262,055 shares of the company’s stock, valued at $5,361,070.35. The trade was a 1.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders have sold 74,500 shares of company stock worth $188,510. Company insiders own 3.90% of the company’s stock.

enCore Energy Stock Performance

Shares of EU stock opened at $2.62 on Monday. The stock has a 50-day simple moving average of $2.80 and a 200 day simple moving average of $2.80. The stock has a market capitalization of $492.04 million, a P/E ratio of -9.36 and a beta of 2.02. enCore Energy Corp. has a fifty-two week low of $1.01 and a fifty-two week high of $4.18. The company has a quick ratio of 12.48, a current ratio of 13.64 and a debt-to-equity ratio of 0.39.

enCore Energy 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.