enCore Energy (NASDAQ:EU) Chairman William Sheriff Sells 24,000 Shares

enCore Energy Corp. (NASDAQ:EU) Chairman William Sheriff sold 24,000 shares of enCore Energy stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $2.65, for a total transaction of $63,600.00. Following the completion of the transaction, the chairman owned 2,286,055 shares in the company, valued at approximately $6,058,045.75. This trade represents a 1.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

enCore Energy Stock Down 3.1%

Shares of NASDAQ EU opened at $2.65 on Tuesday. The stock has a market capitalization of $495.28 million, a PE ratio of -9.45 and a beta of 2.02. The company has a quick ratio of 12.48, a current ratio of 13.64 and a debt-to-equity ratio of 0.39. The firm has a fifty day moving average of $2.99 and a 200-day moving average of $2.66. enCore Energy Corp. has a 52-week low of $1.01 and a 52-week high of $4.18.

enCore Energy (NASDAQ:EU) last issued 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 firm had revenue of $8.88 million during the quarter. On average, analysts anticipate that enCore Energy Corp. will post -0.2 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. boosted its stake in shares of enCore Energy by 25.1% in the second quarter. Raymond James Financial Inc. now owns 19,968 shares of the company’s stock valued at $57,000 after purchasing an additional 4,000 shares during the period. Goehring & Rozencwajg Associates LLC boosted its position in enCore Energy by 0.3% in the 3rd quarter. Goehring & Rozencwajg Associates LLC now owns 1,165,336 shares of the company’s stock valued at $3,741,000 after buying an additional 4,016 shares during the last quarter. Franklin Resources Inc. boosted its position in enCore Energy by 24.6% in the 3rd quarter. Franklin Resources Inc. now owns 21,560 shares of the company’s stock valued at $69,000 after buying an additional 4,252 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of enCore Energy by 192.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 8,137 shares of the company’s stock valued at $26,000 after acquiring an additional 5,356 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of enCore Energy by 222.3% during the third quarter. Farther Finance Advisors LLC now owns 8,405 shares of the company’s stock worth $27,000 after acquiring an additional 5,797 shares during the last quarter. 20.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on EU. Wall Street Zen lowered enCore Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. HC Wainwright boosted their price objective on shares of enCore Energy from $2.75 to $4.00 and gave the stock a “buy” rating in a research note on Tuesday, August 12th. Zacks Research raised shares of enCore Energy to a “hold” rating in a research report on Tuesday, August 12th. Finally, Weiss Ratings restated 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 assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $4.00.

About enCore Energy

enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. It holds a 100% interest in Crownpoint and Hosta Butte uranium project area covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also holds interest in the Marquez-Juan Tafoya property comprises 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project comprising 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.