enCore Energy (NASDAQ:EU) Director Acquires $135,879.34 in Stock

enCore Energy Corp. (NASDAQ:EU) Director Mark Pelizza acquired 99,182 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price of $1.37 per share, for a total transaction of $135,879.34. Following the completion of the acquisition, the director owned 237,515 shares of the company’s stock, valued at $325,395.55. This trade represents a 71.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

enCore Energy Stock Up 13.2%

Shares of NASDAQ:EU traded up $0.18 during midday trading on Monday, reaching $1.54. 4,770,338 shares of the company were exchanged, compared to its average volume of 3,032,560. enCore Energy Corp. has a fifty-two week low of $1.26 and a fifty-two week high of $4.19. 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 stock has a fifty day simple moving average of $1.72 and a two-hundred day simple moving average of $2.27. The firm has a market cap of $299.15 million, a PE ratio of -10.27 and a beta of 2.01.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. NewEdge Advisors LLC raised its stake in shares of enCore Energy by 13.2% during the 1st quarter. NewEdge Advisors LLC now owns 294,405 shares of the company’s stock worth $403,000 after purchasing an additional 34,250 shares in the last quarter. Creative Planning raised its stake in shares of enCore Energy by 66.1% during the 2nd quarter. Creative Planning now owns 24,162 shares of the company’s stock worth $69,000 after purchasing an additional 9,612 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of enCore Energy by 68.9% during the 2nd quarter. Prudential Financial Inc. now owns 20,550 shares of the company’s stock worth $59,000 after purchasing an additional 8,380 shares in the last quarter. Marshall Wace LLP raised its stake in shares of enCore Energy by 293.9% during the 2nd quarter. Marshall Wace LLP now owns 1,262,065 shares of the company’s stock worth $3,610,000 after purchasing an additional 941,691 shares in the last quarter. Finally, Main Street Financial Solutions LLC bought a new stake in shares of enCore Energy during the 2nd quarter worth approximately $87,000. 20.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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