enCore Energy (NASDAQ:EU) Director Sells $66,600.00 in Stock

enCore Energy Corp. (NASDAQ:EU) Director Dennis Stover sold 20,000 shares of the stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $3.33, for a total value of $66,600.00. Following the completion of the sale, the director owned 488,500 shares of the company’s stock, valued at approximately $1,626,705. This trade represents a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

enCore Energy Stock Performance

enCore Energy stock opened at $3.37 on Friday. The stock has a 50-day moving average of $2.72 and a two-hundred day moving average of $2.28. enCore Energy Corp. has a one year low of $1.01 and a one year high of $4.44. The stock has a market cap of $630.53 million, a PE ratio of -9.63 and a beta of 1.98.

enCore Energy (NASDAQ:EU) last released its quarterly earnings results on Monday, August 11th. The company reported ($0.07) EPS for the quarter. The business had revenue of $3.66 million during the quarter. enCore Energy had a negative net margin of 143.28% and a negative return on equity of 19.23%. As a group, sell-side analysts predict that enCore Energy Corp. will post -0.2 EPS for the current fiscal year.

Institutional Trading of enCore Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew 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 worth $27,000 after acquiring an additional 7,461 shares during the period. Compound Planning Inc. acquired a new stake in enCore Energy during the first quarter worth about $27,000. Ballentine Partners LLC acquired a new stake in enCore Energy during the second quarter worth about $29,000. Osaic Holdings Inc. acquired a new stake in enCore Energy in the second quarter valued at approximately $29,000. Finally, Virtu Financial LLC acquired a new stake in enCore Energy in the first quarter valued at approximately $35,000. 20.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of enCore Energy in a report on Wednesday. Zacks Research raised enCore Energy to a “hold” rating in a report on Tuesday, August 12th. Wall Street Zen raised enCore Energy from a “sell” rating to a “hold” rating in a report on Monday, September 22nd. HC Wainwright increased their price objective on enCore Energy from $2.75 to $4.00 and gave the company a “buy” rating in a report on Tuesday, August 12th. Finally, B. Riley assumed coverage on enCore Energy in a report on Wednesday, July 23rd. They issued a “buy” rating and a $4.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, enCore Energy presently has an average rating of “Moderate Buy” and an average target price of $4.00.

enCore Energy Company Profile

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.