enCore Energy Corp. (NASDAQ:EU – Get Free Report) Director Wayne Heili bought 35,000 shares of enCore Energy stock in a transaction that occurred on Friday, June 12th. The shares were bought at an average cost of $1.44 per share, with a total value of $50,400.00. Following the acquisition, the director directly owned 35,000 shares in the company, valued at $50,400. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
enCore Energy Stock Up 1.9%
enCore Energy stock opened at $1.65 on Friday. The stock has a market cap of $320.51 million, a P/E ratio of -11.00 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 twelve month low of $1.26 and a twelve month high of $4.18. The company’s 50-day moving average price is $1.70 and its two-hundred day moving average price is $2.24.
enCore Energy (NASDAQ:EU – Get Free Report) last issued 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). enCore Energy had a negative return on equity of 21.98% and a negative net margin of 62.96%.The company had revenue of $18.30 million for the quarter, compared to analyst estimates of $9.30 million. As a group, analysts expect that enCore Energy Corp. will post -0.32 EPS for the current year.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on EU
Institutional Investors Weigh In On enCore Energy
A number of hedge funds and other institutional investors have recently made changes to their positions in EU. Van ECK Associates Corp increased its holdings in 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 period. MMCAP International Inc. SPC lifted its holdings in shares of enCore Energy by 13.0% during the 3rd quarter. MMCAP International Inc. SPC now owns 4,316,838 shares of the company’s stock worth $13,857,000 after acquiring an additional 497,337 shares during the period. Chicago Partners Investment Group LLC bought a new stake in shares of enCore Energy during the 4th quarter worth approximately $1,009,000. GeoSphere Capital Management LLC boosted its position in shares of 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 acquiring an additional 1,000,000 shares in the last quarter. Finally, Banque Cantonale Vaudoise boosted its position in shares of enCore Energy by 221.7% during the 4th quarter. Banque Cantonale Vaudoise now owns 201,104 shares of the company’s stock worth $480,000 after acquiring an additional 138,600 shares in the last quarter. 20.86% of the stock is currently owned by institutional investors and hedge funds.
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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