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

enCore Energy Corp. (NASDAQ:EU) was the target of some unusual options trading on Friday. Investors bought 13,499 call options on the stock. This represents an increase of 154% compared to the average volume of 5,308 call options.

Insider Activity at enCore Energy

In other news, Director William B. Harris sold 80,000 shares of enCore Energy stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $3.41, for a total transaction of $272,800.00. Following the sale, the director owned 280,001 shares in the company, valued at $954,803.41. This trade represents a 22.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dennis Stover sold 20,000 shares of the company’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $3.54, for a total transaction of $70,800.00. Following the completion of the transaction, the director owned 468,500 shares of the company’s stock, valued at $1,658,490. This trade represents a 4.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 120,000 shares of company stock worth $410,200 over the last three months. 3.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On enCore Energy

Hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. grew its stake in shares of enCore Energy by 22.4% in the third quarter. Raymond James Financial Inc. now owns 24,438 shares of the company’s stock valued at $78,000 after acquiring an additional 4,470 shares in the last quarter. Virtu Financial LLC bought a new position in enCore Energy in the third quarter valued at about $158,000. Southport Management L.L.C. lifted its stake in enCore Energy by 18.4% in the 3rd quarter. Southport Management L.L.C. now owns 225,000 shares of the company’s stock valued at $722,000 after purchasing an additional 35,000 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of enCore Energy in the 3rd quarter valued at $3,804,000. Finally, Vident Advisory LLC boosted its stake in shares of enCore Energy by 3.8% during the third quarter. Vident Advisory LLC now owns 3,293,914 shares of the company’s stock valued at $10,629,000 after purchasing an additional 121,152 shares in the last quarter. 20.86% of the stock is currently owned by institutional investors and hedge funds.

enCore Energy Trading Up 6.6%

Shares of NASDAQ:EU opened at $2.73 on Friday. The company’s 50-day moving average price is $2.97 and its two-hundred day moving average price is $2.57. enCore Energy has a one year low of $1.01 and a one year high of $4.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 13.64 and a quick ratio of 2.04. The stock has a market capitalization of $511.19 million, a PE ratio of -9.75 and a beta of 1.97.

enCore Energy (NASDAQ:EU) last issued its earnings results on Monday, November 10th. The company reported ($0.07) earnings per share (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 during the quarter. On average, equities analysts forecast that enCore Energy will post -0.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of enCore Energy in a research note on Wednesday, October 8th. HC Wainwright lifted their target price on enCore Energy from $2.75 to $4.00 and gave the stock a “buy” rating in a research report on Tuesday, August 12th. B. Riley started coverage on enCore Energy in a research report on Wednesday, July 23rd. They set a “buy” rating and a $4.00 price target on the stock. Wall Street Zen upgraded shares of enCore Energy from a “sell” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Zacks Research upgraded shares of enCore Energy to a “hold” rating in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.