enCore Energy (NASDAQ:EU) Director Acquires $135,879.34 in Stock

enCore Energy Corp. (NASDAQ:EU) Director Mark Pelizza bought 99,182 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of $1.37 per share, for a total transaction of $135,879.34. Following the purchase, the director owned 237,515 shares in the company, valued at $325,395.55. This trade represents a 71.70% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

enCore Energy Price Performance

NASDAQ EU opened at $1.62 on Thursday. enCore Energy Corp. has a 12 month low of $1.26 and a 12 month high of $4.19. The stock has a market cap of $314.69 million, a price-to-earnings ratio of -10.80 and a beta of 2.00. The company’s 50 day moving average is $1.70 and its two-hundred day moving average is $2.25. The company has a current ratio of 11.08, a quick ratio of 10.25 and a debt-to-equity ratio of 0.39.

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

Institutional Investors Weigh In On enCore Energy

Several institutional investors and hedge funds have recently modified their holdings of EU. Van ECK Associates Corp raised its position in shares of enCore Energy by 76.7% during the third quarter. Van ECK Associates Corp now owns 15,972,156 shares of the company’s stock valued at $51,271,000 after buying an additional 6,933,454 shares during the last quarter. Nomura Holdings Inc. bought a new stake in enCore Energy in the third quarter worth $4,590,000. Two Sigma Investments LP purchased a new stake in enCore Energy during the third quarter valued at $3,804,000. GeoSphere Capital Management LLC lifted its position in enCore Energy by 333.3% during the fourth quarter. GeoSphere Capital Management LLC now owns 1,300,000 shares of the company’s stock valued at $3,224,000 after purchasing an additional 1,000,000 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new position in enCore Energy during the fourth quarter valued at $2,379,000. Institutional investors own 20.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EU. Wall Street Zen upgraded shares of enCore Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Northland Securities set a $3.75 price objective on shares of enCore Energy in a research report on Monday, May 18th. HC Wainwright reduced their price objective on shares of enCore Energy from $4.00 to $3.75 and set a “buy” rating on the stock in a research report on Friday, May 15th. Finally, Weiss Ratings cut shares of enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 8th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, enCore Energy has a consensus rating of “Moderate Buy” and a consensus price target of $3.83.

About enCore Energy

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.