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

enCore Energy Corp. (NASDAQ:EU) insider William Sheriff sold 24,000 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $2.37, for a total value of $56,880.00. Following the completion of the transaction, the insider directly owned 2,262,055 shares of the company’s stock, valued at approximately $5,361,070.35. This trade represents a 1.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

enCore Energy Stock Performance

Shares of NASDAQ EU traded up $0.06 during trading on Thursday, hitting $2.35. The company had a trading volume of 2,526,697 shares, compared to its average volume of 3,042,979. The company has a debt-to-equity ratio of 0.39, a quick ratio of 12.48 and a current ratio of 13.64. enCore Energy Corp. has a 12 month low of $1.01 and a 12 month high of $4.18. The firm has a market capitalization of $440.11 million, a P/E ratio of -8.39 and a beta of 2.01. The stock has a 50 day simple moving average of $2.86 and a 200 day simple moving average of $2.72.

enCore Energy (NASDAQ:EU) last issued its earnings results on Monday, November 10th. The company reported ($0.07) earnings per share for the quarter. The company 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%. As a group, analysts anticipate that enCore Energy Corp. will post -0.2 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bogart Wealth LLC acquired a new stake in enCore Energy in the 3rd quarter valued at about $26,000. Caitong International Asset Management Co. Ltd increased its holdings in enCore Energy by 192.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 8,137 shares of the company’s stock valued at $26,000 after purchasing an additional 5,356 shares in the last quarter. Compound Planning Inc. purchased a new stake in shares of enCore Energy during the first quarter valued at approximately $27,000. Farther Finance Advisors LLC lifted its stake in shares of enCore Energy by 222.3% in the third quarter. Farther Finance Advisors LLC now owns 8,405 shares of the company’s stock worth $27,000 after acquiring an additional 5,797 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new stake in enCore Energy in the second quarter valued at $29,000. 20.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of enCore Energy in a research note on Wednesday, October 8th. Wall Street Zen cut enCore Energy from a “hold” rating to a “sell” rating in a research report 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $4.00.

enCore Energy Company Profile

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.