enCore Energy (NASDAQ:EU) Director Wayne Heili Purchases 35,000 Shares

enCore Energy Corp. (NASDAQ:EU) Director Wayne Heili bought 35,000 shares of enCore Energy stock in a transaction dated Friday, June 12th. The stock was acquired at an average cost of $1.44 per share, for a total transaction of $50,400.00. Following the purchase, the director directly owned 35,000 shares in the company, valued at approximately $50,400. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

enCore Energy Trading Up 9.1%

Shares of NASDAQ EU traded up $0.14 during mid-day trading on Tuesday, hitting $1.68. The company’s stock had a trading volume of 7,674,291 shares, compared to its average volume of 3,072,303. The stock has a market cap of $326.34 million, a price-to-earnings ratio of -11.20 and a beta of 2.01. The company has a debt-to-equity ratio of 0.39, a current ratio of 11.08 and a quick ratio of 10.25. enCore Energy Corp. has a one year low of $1.26 and a one year high of $4.19. The company’s fifty day simple moving average is $1.71 and its 200-day simple moving average is $2.27.

enCore Energy (NASDAQ:EU) last issued its 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 net margin of 62.96% and a negative return on equity of 21.98%. On average, sell-side analysts anticipate that enCore Energy Corp. will post -0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EU. Brookstone Capital Management bought a new position in enCore Energy during the 1st quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd boosted 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 worth $26,000 after acquiring an additional 5,356 shares during the last quarter. Osaic Holdings Inc. bought a new position in enCore Energy during the 2nd quarter worth approximately $29,000. Arax Advisory Partners boosted 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 worth $29,000 after acquiring an additional 10,389 shares during the last quarter. Finally, Laurion Capital Management LP bought a new position in enCore Energy in the fourth quarter valued at approximately $29,000. Institutional investors own 20.86% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. HC Wainwright reduced their target price on shares of enCore Energy from $4.00 to $3.75 and set a “buy” rating on the stock 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, June 8th. Wall Street Zen raised 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 objective on shares of enCore Energy in a research note on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock 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.