William Harris Sells 80,000 Shares of enCore Energy (NASDAQ:EU) Stock

enCore Energy Corp. (NASDAQ:EU) Director William Harris sold 80,000 shares of enCore Energy stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $3.41, for a total transaction of $272,800.00. Following the completion of the sale, the director owned 280,001 shares of the company’s stock, valued at approximately $954,803.41. The trade was a 22.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

enCore Energy Trading Down 1.5%

NASDAQ EU opened at $3.37 on Friday. enCore Energy Corp. has a 1-year low of $1.01 and a 1-year high of $4.44. The company has a 50 day moving average of $2.72 and a 200-day moving average of $2.27. The company has a market cap of $630.53 million, a price-to-earnings ratio of -9.63 and a beta of 1.98.

enCore Energy (NASDAQ:EU) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.07) EPS for the quarter. enCore Energy had a negative return on equity of 19.23% and a negative net margin of 143.28%.The company had revenue of $3.66 million during the quarter. On average, equities research analysts forecast that enCore Energy Corp. will post -0.2 earnings per share for the current year.

Hedge Funds Weigh In On enCore Energy

Several institutional investors have recently made changes to their positions in EU. Accordant Advisory Group Inc increased its holdings in shares of enCore Energy by 66.4% during the first quarter. Accordant Advisory Group Inc now owns 274,813 shares of the company’s stock valued at $376,000 after acquiring an additional 109,652 shares in the last quarter. Sovran Advisors LLC bought a new position in shares of enCore Energy in the 1st quarter worth $36,000. Goehring & Rozencwajg Associates LLC lifted its holdings in shares of enCore Energy by 2.2% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,161,923 shares of the company’s stock worth $1,592,000 after purchasing an additional 25,402 shares in the last quarter. Arlington Capital Management Inc. lifted its holdings in shares of enCore Energy by 20.0% in the 1st quarter. Arlington Capital Management Inc. now owns 219,462 shares of the company’s stock worth $301,000 after purchasing an additional 36,572 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of enCore Energy by 64.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,000 shares of the company’s stock worth $27,000 after purchasing an additional 7,461 shares in the last quarter. Institutional investors and hedge funds own 20.86% of the company’s stock.

Analyst Ratings Changes

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

About enCore Energy

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.