enCore Energy (NASDAQ:EU) Director Susan Hoxie-Key Sells 30,648 Shares of Stock

enCore Energy Corp. (NASDAQ:EU) Director Susan Hoxie-Key sold 30,648 shares of the stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $0.94, for a total value of $28,809.12. Following the sale, the director directly owned 60,918 shares in the company, valued at $57,262.92. This trade represents a 33.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

enCore Energy Price Performance

EU stock traded down $0.01 during mid-day trading on Tuesday, reaching $0.91. 2,167,243 shares of the company traded hands, compared to its average volume of 3,710,707. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.00 and a quick ratio of 6.84. The company has a market capitalization of $177.30 million, a P/E ratio of -2.77 and a beta of 2.16. enCore Energy Corp. has a 52-week low of $0.77 and a 52-week high of $4.18. The company has a fifty day moving average price of $1.15 and a 200-day moving average price of $1.42.

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

Analyst Ratings Changes

Several analysts have weighed in on the stock. Weiss Ratings downgraded shares of enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 14th. 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 objective on the stock. Wall Street Zen downgraded enCore Energy from a “hold” rating to a “strong sell” rating in a report on Saturday, September 26th. HC Wainwright lowered their target price on enCore Energy from $3.75 to $3.50 and set a “buy” rating for the company in a research note on Friday, August 14th. Finally, Zacks Research upgraded enCore Energy from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, enCore Energy has an average rating of “Moderate Buy” and a consensus price target of $2.90.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Azarias Capital Management L.P. raised its holdings in enCore Energy by 22.6% during the 1st 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 during the last quarter. Tidal Investments LLC bought a new stake in enCore Energy in the 2nd quarter worth $2,755,000. Goehring & Rozencwajg Associates LLC increased its position in shares of enCore Energy by 19.3% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,464,724 shares of the company’s stock valued at $2,637,000 after acquiring an additional 237,469 shares during the period. Pacer Advisors Inc. purchased a new position in shares of enCore Energy in the fourth quarter valued at about $2,379,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of enCore Energy in the second quarter valued at about $725,000. Institutional investors own 20.86% of the company’s stock.

enCore Energy Company Profile

enCore Energy Corp. is a uranium company focused on the exploration, development and production of uranium in the United States. The company uses in-situ recovery (ISR), a method that extracts uranium from underground deposits by circulating a solution through the host formation and processing the recovered material at licensed facilities.

enCore’s portfolio is concentrated in South Texas and includes the Rosita and Alta Mesa uranium processing facilities, along with associated well fields, mineral rights and development projects.