enCore Energy (NASDAQ:EU) CEO Buys $64,000.00 in Stock

enCore Energy Corp. (NASDAQ:EU) CEO Richard Little acquired 50,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was purchased at an average price of $1.28 per share, for a total transaction of $64,000.00. Following the completion of the purchase, the chief executive officer directly owned 50,000 shares in the company, valued at $64,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

enCore Energy Trading Down 0.7%

Shares of EU opened at $1.36 on Friday. The company has a quick ratio of 10.25, a current ratio of 11.08 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average price is $1.72 and its 200-day moving average price is $2.28. The stock has a market cap of $264.18 million, a PE ratio of -9.07 and a beta of 2.00. enCore Energy Corp. has a twelve month low of $1.26 and a twelve month high of $4.19.

enCore Energy (NASDAQ:EU) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The company had revenue of $18.30 million during the quarter, compared to the consensus estimate of $9.30 million. enCore Energy had a negative return on equity of 21.98% and a negative net margin of 62.96%. On average, equities analysts forecast that enCore Energy Corp. will post -0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On enCore Energy

Several institutional investors and hedge funds have recently modified their holdings of EU. Van ECK Associates Corp increased its holdings 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. Nomura Holdings Inc. bought a new position in shares of enCore Energy during the third quarter valued at $4,590,000. Two Sigma Investments LP bought a new position in shares of enCore Energy during the third quarter valued at $3,804,000. GeoSphere Capital Management LLC increased its holdings in shares of enCore Energy by 333.3% during the fourth quarter. GeoSphere Capital Management LLC now owns 1,300,000 shares of the company’s stock valued at $3,224,000 after acquiring an additional 1,000,000 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new position in shares of enCore Energy during the fourth quarter valued at $2,379,000. 20.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Northland Securities set a $3.75 target price on enCore Energy in a report on Monday, May 18th. Wall Street Zen upgraded enCore Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings downgraded enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, June 8th. Finally, HC Wainwright decreased their target price on enCore Energy from $4.00 to $3.75 and set a “buy” rating for the company in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.83.

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.