William Sheriff Sells 24,000 Shares of enCore Energy (NASDAQ:EU) Stock

enCore Energy Corp. (NASDAQ:EU) Chairman William Sheriff sold 24,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $2.65, for a total value of $63,600.00. Following the completion of the transaction, the chairman directly owned 2,286,055 shares of the company’s stock, valued at $6,058,045.75. The trade was a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

enCore Energy Price Performance

Shares of NASDAQ:EU traded down $0.09 during midday trading on Monday, hitting $2.65. 1,528,351 shares of the stock were exchanged, compared to its average volume of 3,074,683. The company has a 50 day moving average price of $2.99 and a 200-day moving average price of $2.65. The stock has a market cap of $495.28 million, a P/E ratio of -9.45 and a beta of 2.02. enCore Energy Corp. has a twelve month low of $1.01 and a twelve month high of $4.18. The company has a current ratio of 13.64, a quick ratio of 12.48 and a debt-to-equity ratio of 0.39.

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

Hedge Funds Weigh In On enCore Energy

A number of institutional investors have recently added to or reduced their stakes in EU. Van ECK Associates Corp grew its stake 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 acquiring an additional 6,933,454 shares in the last quarter. Boundary Creek Advisors LP purchased a new stake in enCore Energy during the 1st quarter worth approximately $2,898,000. MMCAP International Inc. SPC raised its position in shares of enCore Energy by 66.0% in the 1st quarter. MMCAP International Inc. SPC now owns 3,819,501 shares of the company’s stock valued at $5,232,000 after purchasing an additional 1,517,992 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of enCore Energy during the 3rd quarter valued at approximately $4,590,000. Finally, Two Sigma Investments LP acquired a new stake in shares of enCore Energy during the third quarter worth approximately $3,804,000. Institutional investors and hedge funds own 20.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Zacks Research upgraded enCore Energy to a “hold” rating in a research note on Tuesday, August 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of enCore Energy in a research note on Wednesday, October 8th. HC Wainwright upped their price target on enCore Energy from $2.75 to $4.00 and gave the stock a “buy” rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen cut enCore Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. One analyst has 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $4.00.

About enCore Energy

enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. It holds a 100% interest in Crownpoint and Hosta Butte uranium project area covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also holds interest in the Marquez-Juan Tafoya property comprises 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project comprising 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.