enCore Energy (NASDAQ:EU) Shares Down 4.4%

enCore Energy Corp. (NASDAQ:EU)’s share price dropped 4.4% during trading on Tuesday . The stock traded as low as $4.10 and last traded at $4.11. Approximately 625,202 shares traded hands during trading, a decline of 53% from the average daily volume of 1,332,035 shares. The stock had previously closed at $4.30.

Analyst Ratings Changes

Separately, B. Riley assumed coverage on shares of enCore Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $6.00 price objective for the company.

enCore Energy Price Performance

The firm has a market capitalization of $792.34 million, a price-to-earnings ratio of -35.67 and a beta of -0.09. The business’s 50 day moving average price is $4.27. The company has a current ratio of 6.22, a quick ratio of 6.22 and a debt-to-equity ratio of 0.15.

Institutional Trading of enCore Energy

Several large investors have recently added to or reduced their stakes in EU. Tower Research Capital LLC TRC grew its stake in shares of enCore Energy by 1,327.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 30,015 shares of the company’s stock valued at $118,000 after purchasing an additional 27,912 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in enCore Energy by 12.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,631 shares of the company’s stock worth $148,000 after purchasing an additional 4,227 shares during the period. Paradice Investment Management LLC bought a new stake in shares of enCore Energy during the fourth quarter worth $239,000. Royal Bank of Canada increased its position in shares of enCore Energy by 109.9% during the fourth quarter. Royal Bank of Canada now owns 61,229 shares of the company’s stock worth $241,000 after acquiring an additional 32,052 shares in the last quarter. Finally, Numerai GP LLC bought a new stake in shares of enCore Energy during the fourth quarter worth $262,000. 20.86% of the stock is owned by institutional investors.

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.