enCore Energy Corp. (NASDAQ:EU – Get Free Report) CEO Richard Little bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The shares were acquired at an average cost of $1.06 per share, for a total transaction of $10,600.00. Following the completion of the acquisition, the chief executive officer directly owned 60,000 shares in the company, valued at $63,600. The trade was a 20.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
enCore Energy Trading Up 17.2%
Shares of enCore Energy stock opened at $1.05 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.00 and a quick ratio of 6.84. The business has a fifty day simple moving average of $1.17 and a two-hundred day simple moving average of $1.51. enCore Energy Corp. has a 1 year low of $0.77 and a 1 year high of $4.18. The company has a market capitalization of $203.99 million, a price-to-earnings ratio of -3.18 and a beta of 2.13.
enCore Energy (NASDAQ:EU – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.11). The company had revenue of $15.70 million during the quarter. enCore Energy had a negative net margin of 112.82% and a negative return on equity of 28.00%. Research analysts forecast that enCore Energy Corp. will post -0.41 EPS for the current year.
Hedge Funds Weigh In On enCore Energy
Wall Street Analysts Forecast Growth
A number of brokerages have commented on EU. Jefferies Financial Group initiated coverage on enCore Energy in a report on Thursday, September 3rd. They issued a “buy” rating and a $1.44 price objective on the stock. Zacks Research cut shares of enCore Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. HC Wainwright dropped their price target on shares of enCore Energy from $3.75 to $3.50 and set a “buy” rating for the company in a research report on Friday, August 14th. Finally, Weiss Ratings lowered enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 14th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, enCore Energy has a consensus rating of “Hold” and an average target price of $2.90.
View Our Latest Analysis on EU
About enCore Energy
enCore Energy Corp. is a uranium exploration, development and production company focused on advancing domestic uranium resources in the United States. The company uses in-situ recovery (ISR) technology, which extracts uranium from suitable underground formations by circulating a solution through the deposit and processing the resulting uranium-bearing fluids at a recovery plant.
enCore’s portfolio includes uranium projects and production facilities in South Texas, including the Alta Mesa and Rosita projects.
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