enCore Energy (NASDAQ:EU) Issues Earnings Results

enCore Energy (NASDAQ:EU) issued its earnings results on Wednesday. The company reported ($0.09) earnings per share (EPS) for the quarter, Zacks reports. enCore Energy had a negative return on equity of 19.83% and a negative net margin of 118.78%.The company had revenue of $12.38 million during the quarter.

enCore Energy Price Performance

Shares of NASDAQ:EU opened at $1.90 on Friday. The company has a quick ratio of 12.48, a current ratio of 13.64 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $369.02 million, a PE ratio of -6.79 and a beta of 2.41. The firm’s 50 day moving average price is $2.42 and its 200-day moving average price is $2.71. enCore Energy has a twelve month low of $1.01 and a twelve month high of $4.19.

Insider Transactions at enCore Energy

In other enCore Energy news, insider William M. Sheriff sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $2.81, for a total transaction of $28,100.00. Following the completion of the sale, the insider directly owned 2,876 shares of the company’s stock, valued at approximately $8,081.56. This represents a 77.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.90% of the company’s stock.

Institutional Investors Weigh In On enCore Energy

Hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of enCore Energy by 5.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,798,779 shares of the company’s stock worth $34,846,000 after purchasing an additional 582,974 shares in the last quarter. Vident Advisory LLC lifted its position in enCore Energy by 3.8% during 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 in the last quarter. Nomura Holdings Inc. purchased a new position in enCore Energy during the third quarter valued at $4,590,000. Marshall Wace LLP grew its holdings in enCore Energy by 293.9% during the second quarter. Marshall Wace LLP now owns 1,262,065 shares of the company’s stock valued at $3,610,000 after purchasing an additional 941,691 shares during the period. Finally, Two Sigma Investments LP bought a new stake in enCore Energy during the third quarter valued at about $3,804,000. Institutional investors own 20.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EU. Weiss Ratings reiterated a “sell (d-)” rating on shares of enCore Energy in a research note on Wednesday, January 21st. Northland Securities initiated coverage on enCore Energy in a research note on Tuesday, January 6th. They issued an “outperform” rating and a $3.50 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.