enCore Energy (NASDAQ:EU) CEO Richard Little Purchases 50,000 Shares

enCore Energy Corp. (NASDAQ:EUGet Free Report) CEO Richard Little purchased 50,000 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were purchased at an average cost of $1.28 per share, with a total value of $64,000.00. Following the completion of the purchase, the chief executive officer owned 50,000 shares in the company, valued at $64,000. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

enCore Energy Price Performance

NASDAQ EU traded up $0.09 on Thursday, reaching $1.37. 3,277,449 shares of the stock traded hands, compared to its average volume of 3,021,549. The firm’s fifty day simple moving average is $1.74 and its 200 day simple moving average is $2.29. The company has a market cap of $266.10 million, a price-to-earnings ratio of -9.13 and a beta of 2.00. The company has a quick ratio of 10.25, a current ratio of 11.08 and a debt-to-equity ratio of 0.39. enCore Energy Corp. has a 12 month low of $1.26 and a 12 month high of $4.19.

enCore Energy (NASDAQ:EUGet Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The business had revenue of $18.30 million during the quarter, compared to analyst estimates of $9.30 million. enCore Energy had a negative return on equity of 21.98% and a negative net margin of 62.96%. As a group, research analysts predict that enCore Energy Corp. will post -0.27 EPS for the current fiscal year.

Institutional Trading of enCore Energy

Several hedge funds and other institutional investors have recently modified their holdings of the business. Van ECK Associates Corp raised its holdings in enCore Energy by 76.7% during the third quarter. Van ECK Associates Corp now owns 15,972,156 shares of the company’s stock valued at $51,271,000 after buying an additional 6,933,454 shares in the last quarter. Nomura Holdings Inc. bought a new position in enCore Energy during the third quarter valued at about $4,590,000. Two Sigma Investments LP bought a new position in enCore Energy during the third quarter valued at about $3,804,000. GeoSphere Capital Management LLC raised its holdings in enCore Energy by 333.3% during the fourth quarter. GeoSphere Capital Management LLC now owns 1,300,000 shares of the company’s stock valued at $3,224,000 after buying an additional 1,000,000 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new position in enCore Energy during the fourth quarter valued at about $2,379,000. Institutional investors and hedge funds own 20.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised enCore Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Northland Securities set a $3.75 price objective on enCore Energy in a research note on Monday, May 18th. Weiss Ratings lowered enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday. Finally, HC Wainwright reduced their price objective on enCore Energy from $4.00 to $3.75 and set a “buy” rating for the company in a research note on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $3.83.

Read Our Latest Research Report on EU

enCore Energy Company Profile

(Get Free Report)

enCore Energy Inc is a U.S.-based uranium exploration and development company focused on deploying in-situ recovery (ISR) technology to bring domestic uranium projects into production. The company’s operations are centered on the Nichols Ranch ISR facility in Wyoming, which represents enCore’s flagship asset and its nearest-term production opportunity. Through ISR methods, enCore seeks to extract uranium with lower environmental impact and capital requirements relative to conventional mining.

In addition to Nichols Ranch, enCore holds a diversified portfolio of uranium properties in the western United States, including the Roca Honda project in New Mexico and several ISR-amenable projects in the Texas and Oklahoma regions.

See Also

Insider Buying and Selling by Quarter for enCore Energy (NASDAQ:EU)

Receive News & Ratings for enCore Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for enCore Energy and related companies with MarketBeat.com's FREE daily email newsletter.