enCore Energy Sees Unusually Large Options Volume (NASDAQ:EU)

enCore Energy Corp. (NASDAQ:EU) was the recipient of some unusual options trading on Friday. Investors purchased 13,499 call options on the company. This represents an increase of approximately 154% compared to the average daily volume of 5,308 call options.

enCore Energy Stock Performance

NASDAQ:EU traded up $0.14 during mid-day trading on Friday, hitting $2.70. 975,612 shares of the company traded hands, compared to its average volume of 3,096,599. The company has a quick ratio of 2.04, a current ratio of 13.64 and a debt-to-equity ratio of 0.39. The stock’s fifty day moving average price is $2.96 and its 200-day moving average price is $2.56. The firm has a market cap of $504.64 million, a price-to-earnings ratio of -9.62 and a beta of 1.97. enCore Energy has a one year low of $1.01 and a one year high of $4.18.

enCore Energy (NASDAQ:EU) last posted its quarterly earnings data 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 company had revenue of $8.88 million for the quarter. Research analysts anticipate that enCore Energy will post -0.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on EU. HC Wainwright upped their price objective on shares of enCore Energy from $2.75 to $4.00 and gave the company a “buy” rating in a report on Tuesday, August 12th. Weiss Ratings restated a “sell (d-)” rating on shares of enCore Energy in a research note on Wednesday, October 8th. B. Riley started coverage on shares of enCore Energy in a report on Wednesday, July 23rd. They issued a “buy” rating and a $4.00 price objective for the company. Zacks Research raised shares of enCore Energy to a “hold” rating in a report on Tuesday, August 12th. Finally, Wall Street Zen raised enCore Energy from a “sell” rating to a “hold” rating in a report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.00.

Insider Buying and Selling at enCore Energy

In related news, Director William B. Harris sold 80,000 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $3.41, for a total transaction of $272,800.00. Following the completion of the sale, the director owned 280,001 shares in the company, valued at approximately $954,803.41. This trade represents a 22.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dennis Stover sold 20,000 shares of enCore Energy stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $3.54, for a total transaction of $70,800.00. Following the completion of the sale, the director directly owned 468,500 shares in the company, valued at approximately $1,658,490. This represents a 4.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 120,000 shares of company stock valued at $410,200. Insiders own 3.90% of the company’s stock.

Institutional Trading of enCore Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Bogart Wealth LLC purchased a new position in shares of enCore Energy during the 3rd quarter valued at $26,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in enCore Energy by 64.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,000 shares of the company’s stock valued at $27,000 after acquiring an additional 7,461 shares during the period. Compound Planning Inc. purchased a new position in shares of enCore Energy in the first quarter valued at about $27,000. Farther Finance Advisors LLC boosted its stake in shares of enCore Energy by 222.3% in 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 period. Finally, Ballentine Partners LLC bought a new position in shares of enCore Energy in the second quarter worth about $29,000. 20.86% of the stock is currently 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.