Investors Buy Large Volume of Call Options on enCore Energy (NASDAQ:EU)

enCore Energy Corp. (NASDAQ:EU) was the recipient of some unusual options trading on Tuesday. Stock investors bought 11,721 call options on the stock. This is an increase of 96% compared to the average daily volume of 5,994 call options.

Insider Buying and Selling at enCore Energy

In other enCore Energy news, insider William M. Sheriff sold 24,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $2.37, for a total transaction of $56,880.00. Following the transaction, the insider owned 2,262,055 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this link. Also, Director Dennis Stover sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $3.54, for a total value of $70,800.00. Following the sale, the director owned 468,500 shares in the company, valued at approximately $1,658,490. This represents a 4.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 168,000 shares of company stock worth $530,680 over the last ninety days. 3.90% of the stock is currently owned by corporate insiders.

Institutional Trading of enCore Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Nuveen LLC bought a new position in enCore Energy during the 1st quarter worth $662,000. Boundary Creek Advisors LP acquired a new stake in shares of enCore Energy during the 1st quarter worth $2,898,000. American Century Companies Inc. increased its position in shares of enCore Energy by 92.2% in the first quarter. American Century Companies Inc. now owns 194,218 shares of the company’s stock worth $266,000 after purchasing an additional 93,167 shares during the period. Ballentine Partners LLC acquired a new position in enCore Energy in the second quarter valued at about $29,000. Finally, Vident Advisory LLC lifted its position in enCore Energy by 21.8% during the first quarter. Vident Advisory LLC now owns 2,387,194 shares of the company’s stock worth $3,185,000 after purchasing an additional 427,019 shares during the period. Institutional investors and hedge funds own 20.86% of the company’s stock.

enCore Energy Price Performance

Shares of NASDAQ EU opened at $2.38 on Wednesday. The firm has a market cap of $445.78 million, a P/E ratio of -8.50 and a beta of 2.02. The business’s 50 day moving average is $2.69 and its 200-day moving average is $2.75. The company has a current ratio of 13.64, a quick ratio of 12.48 and a debt-to-equity ratio of 0.39. enCore Energy has a 1-year low of $1.01 and a 1-year high of $4.18.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of enCore Energy in a research report on Wednesday, October 8th. Wall Street Zen cut enCore Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.00.

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.