enCore Energy Target of Unusually Large Options Trading (NASDAQ:EU)

enCore Energy Corp. (NASDAQ:EU) saw some unusual options trading on Thursday. Traders acquired 85,579 call options on the company. This is an increase of approximately 917% compared to the typical daily volume of 8,417 call options.

Insider Transactions at enCore Energy

In other enCore Energy news, insider William M. 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 transaction of $56,880.00. Following the completion of the sale, the insider directly owned 2,262,055 shares in the company, valued at $5,361,070.35. The trade was a 1.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 74,500 shares of company stock valued at $188,510 over the last 90 days. Company insiders own 3.90% of the company’s stock.

Hedge Funds Weigh In On enCore Energy

A number of hedge funds have recently made changes to their positions in EU. Bogart Wealth LLC bought a new stake in enCore Energy during the 3rd quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd grew its holdings in enCore Energy by 192.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 8,137 shares of the company’s stock valued at $26,000 after buying an additional 5,356 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of enCore Energy by 222.3% during the third quarter. Farther Finance Advisors LLC now owns 8,405 shares of the company’s stock valued at $27,000 after buying an additional 5,797 shares during the last quarter. Ballentine Partners LLC purchased a new position in shares of enCore Energy in the second quarter worth $29,000. Finally, Osaic Holdings Inc. bought a new position in shares of enCore Energy during the second quarter worth $29,000. Institutional investors own 20.86% of the company’s stock.

Wall Street Analysts Forecast Growth

EU has been the topic of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of enCore Energy in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of enCore Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Northland Capmk raised shares of enCore Energy to a “strong-buy” rating in a research report on Tuesday, January 6th. Finally, Northland Securities initiated coverage on enCore Energy in a research note on Tuesday, January 6th. They issued an “outperform” rating and a $3.50 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $3.83.

enCore Energy Stock Performance

EU opened at $3.07 on Friday. The firm has a market cap of $575.16 million, a P/E ratio of -10.96 and a beta of 2.04. enCore Energy has a 1-year low of $1.01 and a 1-year high of $4.18. The company has a 50 day simple moving average of $2.66 and a two-hundred day simple moving average of $2.78. The company has a debt-to-equity ratio of 0.39, a current ratio of 13.64 and a quick ratio of 12.48.

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

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.