enCore Energy (NASDAQ:EU) Chairman Buys $44,500.00 in Stock

enCore Energy Corp. (NASDAQ:EU) Chairman William Sheriff purchased 50,000 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was acquired at an average cost of $0.89 per share, with a total value of $44,500.00. Following the transaction, the chairman directly owned 1,562,169 shares in the company, valued at $1,390,330.41. This trade represents a 3.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

enCore Energy Stock Performance

NASDAQ:EU opened at $0.90 on Friday. The company has a fifty day simple moving average of $1.17 and a two-hundred day simple moving average of $1.52. The company has a market cap of $174.11 million, a price-to-earnings ratio of -2.72 and a beta of 2.13. The company has a quick ratio of 6.84, a current ratio of 8.00 and a debt-to-equity ratio of 0.45. enCore Energy Corp. has a 52 week low of $0.77 and a 52 week high of $4.18.

enCore Energy (NASDAQ:EU) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, equities analysts anticipate that enCore Energy Corp. will post -0.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

EU has been the topic of a number of analyst reports. Zacks Research lowered enCore Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Weiss Ratings downgraded enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. Jefferies Financial Group began coverage on shares of enCore Energy in a research note on Thursday, September 3rd. They set a “buy” rating and a $1.44 target price on the stock. Finally, HC Wainwright decreased their price target on shares of enCore Energy from $3.75 to $3.50 and set a “buy” rating for the company in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $2.90.

Institutional Investors Weigh In On enCore Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Tidal Investments LLC purchased a new stake in shares of enCore Energy in the 2nd quarter valued at about $2,755,000. GeoSphere Capital Management LLC boosted its position in shares of enCore Energy by 333.3% in the 4th 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 period. Pacer Advisors Inc. purchased a new position in enCore Energy during the 4th quarter worth approximately $2,379,000. Azarias Capital Management L.P. grew its stake in 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 worth $9,122,000 after buying an additional 934,857 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in enCore Energy during the second quarter worth approximately $725,000. Institutional investors and hedge funds own 20.86% of the company’s stock.

enCore Energy Company Profile

enCore Energy Corp. is a uranium exploration, development and production company focused on advancing domestic uranium resources in the United States. The company uses in-situ recovery (ISR) technology, which extracts uranium from suitable underground formations by circulating a solution through the deposit and processing the resulting uranium-bearing fluids at a recovery plant.

enCore’s portfolio includes uranium projects and production facilities in South Texas, including the Alta Mesa and Rosita projects.