enCore Energy (NASDAQ:EU) CEO Richard Little Acquires 10,000 Shares of Stock

enCore Energy Corp. (NASDAQ:EU) CEO Richard Little acquired 10,000 shares of the stock in a transaction on Monday, September 21st. The shares were acquired at an average cost of $1.06 per share, for a total transaction of $10,600.00. Following the completion of the transaction, the chief executive officer directly owned 60,000 shares in the company, valued at $63,600. The trade was a 20.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

enCore Energy Price Performance

Shares of NASDAQ:EU opened at $1.21 on Wednesday. enCore Energy Corp. has a one year low of $0.77 and a one year high of $4.18. The stock has a market capitalization of $235.08 million, a price-to-earnings ratio of -3.67 and a beta of 2.13. The company has a 50-day simple moving average of $1.17 and a 200-day simple moving average of $1.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.84 and a current ratio of 8.00.

enCore Energy (NASDAQ:EU) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.11). The company had revenue of $15.70 million for the quarter. enCore Energy had a negative return on equity of 28.00% and a negative net margin of 112.82%. On average, analysts predict that enCore Energy Corp. will post -0.41 EPS for the current year.

Analyst Ratings Changes

EU has been the subject of several analyst reports. Jefferies Financial Group started coverage on enCore Energy in a research note on Thursday, September 3rd. They set a “buy” rating and a $1.44 price target for the company. Zacks Research lowered shares of enCore Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. HC Wainwright dropped their price objective on shares of enCore Energy from $3.75 to $3.50 and set a “buy” rating on the stock in a research note on Friday, August 14th. Finally, Weiss Ratings downgraded shares of enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $2.90.

Hedge Funds Weigh In On enCore Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. acquired a new stake in shares of enCore Energy in the fourth quarter valued at about $2,379,000. Azarias Capital Management L.P. increased its holdings in enCore Energy by 22.6% in the first quarter. Azarias Capital Management L.P. now owns 5,067,708 shares of the company’s stock valued at $9,122,000 after buying an additional 934,857 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of enCore Energy during the 2nd quarter valued at approximately $2,755,000. Bank of New York Mellon Corp acquired a new stake in shares of enCore Energy during the 2nd quarter valued at approximately $725,000. Finally, GeoSphere Capital Management LLC boosted its stake in shares of enCore Energy by 333.3% during the 4th quarter. GeoSphere Capital Management LLC now owns 1,300,000 shares of the company’s stock worth $3,224,000 after acquiring an additional 1,000,000 shares in the last quarter. 20.86% of the stock is owned by institutional investors and hedge funds.

About enCore Energy

enCore Energy Corp. is a uranium exploration, development and production company focused on advancing domestic uranium resources in the United States. The company uses in-situ recovery (ISR) technology, which extracts uranium from suitable underground formations by circulating a solution through the deposit and processing the resulting uranium-bearing fluids at a recovery plant.

enCore’s portfolio includes uranium projects and production facilities in South Texas, including the Alta Mesa and Rosita projects.