Insider Selling: enCore Energy (NASDAQ:EU) Director Sells $28,809.12 in Stock

enCore Energy Corp. (NASDAQ:EU) Director Susan Hoxie-Key sold 30,648 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $0.94, for a total transaction of $28,809.12. Following the sale, the director owned 60,918 shares of the company’s stock, valued at $57,262.92. The trade was a 33.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

enCore Energy Trading Down 3.0%

enCore Energy stock opened at $0.82 on Friday. The firm has a market cap of $159.83 million, a price-to-earnings ratio of -2.49 and a beta of 2.16. enCore Energy Corp. has a 1 year low of $0.77 and a 1 year high of $4.18. The firm’s 50 day moving average price is $1.14 and its two-hundred day moving average price is $1.40. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.84 and a current ratio of 8.00.

enCore Energy (NASDAQ:EU) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.11). enCore Energy had a negative net margin of 112.82% and a negative return on equity of 28.00%. The company had revenue of $15.70 million for the quarter. On average, research analysts predict that enCore Energy Corp. will post -0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On enCore Energy

A number of large investors have recently made changes to their positions in the company. Sanctuary Advisors LLC lifted its position in shares of enCore Energy by 37.7% in the 1st quarter. Sanctuary Advisors LLC now owns 24,138 shares of the company’s stock valued at $43,000 after acquiring an additional 6,608 shares in the last quarter. Banque Cantonale Vaudoise boosted its stake in enCore Energy by 6.3% in the 1st quarter. Banque Cantonale Vaudoise now owns 213,804 shares of the company’s stock worth $386,000 after purchasing an additional 12,700 shares during the period. Brookstone Capital Management purchased a new position in enCore Energy during the 1st quarter worth approximately $26,000. Royal Bank of Canada grew its position in enCore Energy by 154.5% during the 1st quarter. Royal Bank of Canada now owns 31,744 shares of the company’s stock worth $57,000 after purchasing an additional 19,269 shares in the last quarter. Finally, Krilogy Financial LLC purchased a new position in enCore Energy during the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 20.86% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group began coverage on enCore Energy in a research report on Thursday, September 3rd. They set a “buy” rating and a $1.44 target price on the stock. Wall Street Zen downgraded enCore Energy from a “hold” rating to a “strong sell” rating in a report on Saturday, September 26th. HC Wainwright decreased their price target on enCore Energy from $3.75 to $3.50 and set a “buy” rating for the company in a research report on Friday, August 14th. Weiss Ratings lowered enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 14th. Finally, Zacks Research raised enCore Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2.90.

enCore Energy Company Profile

enCore Energy Corp. is a uranium company focused on the exploration, development and production of uranium in the United States. The company uses in-situ recovery (ISR), a method that extracts uranium from underground deposits by circulating a solution through the host formation and processing the recovered material at licensed facilities.

enCore’s portfolio is concentrated in South Texas and includes the Rosita and Alta Mesa uranium processing facilities, along with associated well fields, mineral rights and development projects.