Richard Little Acquires 50,000 Shares of enCore Energy (NASDAQ:EU) Stock

enCore Energy Corp. (NASDAQ:EU) CEO Richard Little acquired 50,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was bought at an average price of $1.28 per share, with a total value of $64,000.00. Following the completion of the acquisition, the chief executive officer directly owned 50,000 shares in the company, valued at approximately $64,000. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

enCore Energy Stock Down 0.7%

Shares of NASDAQ EU opened at $1.36 on Friday. The company has a current ratio of 11.08, a quick ratio of 10.25 and a debt-to-equity ratio of 0.39. The firm has a fifty day simple moving average of $1.72 and a two-hundred day simple moving average of $2.28. The firm has a market capitalization of $264.18 million, a PE ratio of -9.07 and a beta of 2.00. enCore Energy Corp. has a 12 month low of $1.26 and a 12 month high of $4.19.

enCore Energy (NASDAQ:EU) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The business had revenue of $18.30 million during the quarter, compared to the consensus estimate of $9.30 million. enCore Energy had a negative return on equity of 21.98% and a negative net margin of 62.96%. Equities analysts expect that enCore Energy Corp. will post -0.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. HC Wainwright decreased their price target on shares of enCore Energy from $4.00 to $3.75 and set a “buy” rating for the company in a research note on Friday, May 15th. Weiss Ratings lowered shares of enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday. Wall Street Zen upgraded shares of enCore Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Northland Securities set a $3.75 price target on shares of enCore Energy in a research note on Monday, May 18th. Two 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’s stock. According to data from MarketBeat.com, enCore Energy has a consensus rating of “Moderate Buy” and an average price target of $3.83.

Institutional Trading of enCore Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. Brookstone Capital Management bought a new stake in enCore Energy during the 1st quarter valued at about $26,000. Caitong International Asset Management Co. Ltd increased its stake 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 purchasing an additional 5,356 shares in the last quarter. Osaic Holdings Inc. bought a new stake in enCore Energy during the 2nd quarter valued at about $29,000. Arax Advisory Partners increased its stake in enCore Energy by 898.7% during the 4th quarter. Arax Advisory Partners now owns 11,545 shares of the company’s stock valued at $29,000 after purchasing an additional 10,389 shares in the last quarter. Finally, Laurion Capital Management LP bought a new stake in enCore Energy during the 4th quarter valued at about $29,000. 20.86% of the stock is currently owned by institutional investors.

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.