William Sheriff Sells 16,500 Shares of enCore Energy (NASDAQ:EU) Stock

enCore Energy Corp. (NASDAQ:EU) insider William Sheriff sold 16,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 30th. The shares were sold at an average price of $2.42, for a total transaction of $39,930.00. Following the completion of the sale, the insider owned 31,376 shares in the company, valued at $75,929.92. The trade was a 34.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

enCore Energy Stock Performance

Shares of NASDAQ EU opened at $2.72 on Friday. enCore Energy Corp. has a 12-month low of $1.01 and a 12-month high of $4.18. The company has a market cap of $509.46 million, a PE ratio of -9.71 and a beta of 2.04. The stock has a 50 day simple moving average of $2.67 and a 200-day simple moving average of $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 (NASDAQ:EU) last announced its earnings results on Monday, November 10th. The company reported ($0.07) earnings per share for the quarter. enCore Energy had a negative net margin of 118.78% and a negative return on equity of 19.83%. The business had revenue of $8.88 million for the quarter. On average, equities research analysts forecast that enCore Energy Corp. will post -0.2 EPS for the current year.

Institutional Trading of enCore Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in EU. Mirabella Financial Services LLP boosted its holdings in enCore Energy by 13.3% during the third quarter. Mirabella Financial Services LLP now owns 850,000 shares of the company’s stock worth $2,728,000 after buying an additional 100,000 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of enCore Energy during the 3rd quarter worth $63,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of enCore Energy by 192.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 8,137 shares of the company’s stock worth $26,000 after acquiring an additional 5,356 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of enCore Energy by 24.8% in the 3rd quarter. NewEdge Advisors LLC now owns 360,655 shares of the company’s stock worth $1,158,000 after acquiring an additional 71,750 shares during the last quarter. Finally, Scientech Research LLC acquired a new stake in shares of enCore Energy during the third quarter worth $202,000. 20.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

About enCore Energy

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.