enCore Energy (NASDAQ:EU) Stock: Insider Susan Hoxie-Key Sells 30,648 Shares

enCore Energy Corp. (NASDAQ:EU) Director Susan Hoxie-Key sold 30,648 shares of enCore Energy stock in a transaction on Monday, October 12th. The stock was sold at an average price of $0.94, for a total value of $28,809.12. Following the completion of the transaction, the director owned 60,918 shares in the company, valued at $57,262.92. The trade was a 33.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

enCore Energy Stock Down 7.1%

Shares of enCore Energy stock opened at $0.85 on Thursday. enCore Energy Corp. has a 12-month low of $0.77 and a 12-month high of $4.18. The firm has a market capitalization of $164.75 million, a PE ratio of -2.57 and a beta of 2.16. The company has a quick ratio of 6.84, a current ratio of 8.00 and a debt-to-equity ratio of 0.45. The stock’s fifty day moving average is $1.14 and its 200-day moving average is $1.40.

enCore Energy (NASDAQ:EU) last released its quarterly earnings results 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). The company had revenue of $15.70 million during the quarter. enCore Energy had a negative net margin of 112.82% and a negative return on equity of 28.00%. Equities analysts anticipate that enCore Energy Corp. will post -0.41 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. acquired a new stake in shares of enCore Energy during the 4th quarter valued at $2,379,000. Tidal Investments LLC purchased a new position in shares of enCore Energy during the 2nd quarter valued at $2,755,000. Azarias Capital Management L.P. grew its holdings in shares of enCore Energy by 22.6% during the 1st quarter. Azarias Capital Management L.P. now owns 5,067,708 shares of the company’s stock valued at $9,122,000 after acquiring an additional 934,857 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of enCore Energy during the 2nd quarter valued at $725,000. Finally, J. Derek Lewis & Associates Inc. acquired a new position in shares of enCore Energy in the fourth quarter worth $72,000. 20.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Zacks Research upgraded shares of enCore Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Jefferies Financial Group began coverage on shares of enCore Energy in a research report on Thursday, September 3rd. They set a “buy” rating and a $1.44 price objective on the stock. Weiss Ratings downgraded shares of enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 14th. HC Wainwright cut their target price on shares of enCore Energy from $3.75 to $3.50 and set a “buy” rating on the stock in a research note on Friday, August 14th. Finally, Wall Street Zen lowered enCore Energy from a “hold” rating to a “strong sell” rating in a report on Saturday, September 26th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $2.90.

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.