enCore Energy Corp. (NASDAQ:EU – Get Free Report) Director Mark Pelizza bought 99,182 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average cost of $1.37 per share, for a total transaction of $135,879.34. Following the completion of the purchase, the director owned 237,515 shares in the company, valued at $325,395.55. This trade represents a 71.70% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
enCore Energy Price Performance
Shares of EU opened at $1.54 on Tuesday. enCore Energy Corp. has a fifty-two week low of $1.26 and a fifty-two week high of $4.19. The firm’s 50 day moving average price is $1.71 and its 200 day moving average price is $2.27. The company has a market cap of $299.15 million, a P/E ratio of -10.27 and a beta of 2.01. 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 (NASDAQ:EU – Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). enCore Energy had a negative return on equity of 21.98% and a negative net margin of 62.96%.The business had revenue of $18.30 million for the quarter, compared to analysts’ expectations of $9.30 million. On average, research analysts forecast that enCore Energy Corp. will post -0.32 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on EU
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of EU. Van ECK Associates Corp grew its position in shares of enCore Energy by 76.7% in the 3rd 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 during the last quarter. Nomura Holdings Inc. purchased a new position in shares of enCore Energy in the 3rd quarter valued at $4,590,000. Two Sigma Investments LP acquired a new stake in enCore Energy during the 3rd quarter worth $3,804,000. GeoSphere Capital Management LLC boosted its stake in enCore Energy by 333.3% during the 4th quarter. GeoSphere Capital Management LLC now owns 1,300,000 shares of the company’s stock worth $3,224,000 after purchasing an additional 1,000,000 shares during the period. Finally, Pacer Advisors Inc. acquired a new stake in enCore Energy during the 4th quarter worth $2,379,000. 20.86% of the stock is owned by hedge funds and other institutional investors.
About enCore Energy
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.
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