enCore Energy (NASDAQ:EU) Insider William Sheriff Sells 16,500 Shares of Stock

enCore Energy Corp. (NASDAQ:EU) insider William Sheriff sold 16,500 shares of the business’s stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $2.42, for a total transaction of $39,930.00. Following the completion of the transaction, the insider directly owned 31,376 shares of the company’s stock, valued at $75,929.92. The trade was a 34.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

enCore Energy Trading Up 9.7%

Shares of NASDAQ EU traded up $0.24 during midday trading on Friday, reaching $2.72. 4,581,941 shares of the stock were exchanged, compared to its average volume of 2,810,559. The stock has a 50 day moving average price of $2.68 and a 200-day moving average price of $2.75. The company has a current ratio of 13.64, a quick ratio of 12.48 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $509.46 million, a P/E ratio of -9.71 and a beta of 2.05. enCore Energy Corp. has a 52-week low of $1.01 and a 52-week high of $4.18.

enCore Energy (NASDAQ:EU) last announced its earnings results on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $8.88 million for the quarter. enCore Energy had a negative return on equity of 19.83% and a negative net margin of 118.78%. Equities research analysts expect that enCore Energy Corp. will post -0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On enCore Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in shares of enCore Energy in the 1st quarter valued at about $662,000. Boundary Creek Advisors LP purchased a new position in enCore Energy in the first quarter valued at approximately $2,898,000. American Century Companies Inc. lifted its position in enCore Energy by 92.2% during the first quarter. American Century Companies Inc. now owns 194,218 shares of the company’s stock valued at $266,000 after buying an additional 93,167 shares in the last quarter. Ballentine Partners LLC purchased a new stake in enCore Energy during the second quarter worth approximately $29,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of enCore Energy in the second quarter worth $68,000. 20.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EU has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of enCore Energy in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of enCore Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, enCore Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.00.

enCore Energy Company 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.