enCore Energy Target of Unusually High Options Trading (NASDAQ:EU)

enCore Energy Corp. (NASDAQ:EU) was the recipient of unusually large options trading activity on Friday. Stock traders bought 13,499 call options on the stock. This is an increase of approximately 154% compared to the average volume of 5,308 call options.

enCore Energy Trading Up 5.3%

EU traded up $0.14 on Friday, hitting $2.70. The company had a trading volume of 975,612 shares, compared to its average volume of 3,096,599. The business’s fifty day simple moving average is $2.96 and its 200 day simple moving average is $2.56. The company has a quick ratio of 2.04, a current ratio of 13.64 and a debt-to-equity ratio of 0.39. enCore Energy has a 12-month low of $1.01 and a 12-month high of $4.18. The company has a market cap of $504.64 million, a PE ratio of -9.62 and a beta of 1.97.

enCore Energy (NASDAQ:EU) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $8.88 million for the quarter. enCore Energy had a negative net margin of 118.78% and a negative return on equity of 19.83%. Equities research analysts expect that enCore Energy will post -0.2 EPS for the current year.

Insider Buying and Selling at enCore Energy

In related news, Director William B. Harris sold 80,000 shares of the company’s stock in a transaction 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 transaction, the director owned 280,001 shares in the company, valued at approximately $954,803.41. This represents a 22.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dennis Stover sold 20,000 shares of the firm’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $3.54, for a total transaction of $70,800.00. Following the transaction, the director directly owned 468,500 shares of the company’s stock, valued at $1,658,490. The trade was a 4.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 120,000 shares of company stock worth $410,200 in the last three months. Insiders own 3.90% of the company’s stock.

Institutional Trading of enCore Energy

A number of institutional investors have recently bought and sold shares of the stock. Arlington Capital Management Inc. boosted its holdings in enCore Energy by 20.0% during the 1st quarter. Arlington Capital Management Inc. now owns 219,462 shares of the company’s stock valued at $301,000 after acquiring an additional 36,572 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in enCore Energy by 64.7% in the first 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 during the period. XTX Topco Ltd lifted its position in shares of enCore Energy by 325.2% during the first quarter. XTX Topco Ltd now owns 129,683 shares of the company’s stock worth $178,000 after purchasing an additional 99,183 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of enCore Energy by 10.3% during the first quarter. National Bank of Canada FI now owns 228,141 shares of the company’s stock valued at $303,000 after purchasing an additional 21,226 shares during the period. Finally, MMCAP International Inc. SPC boosted its stake in shares of enCore Energy by 66.0% during the first quarter. MMCAP International Inc. SPC now owns 3,819,501 shares of the company’s stock valued at $5,232,000 after purchasing an additional 1,517,992 shares during the period. 20.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EU shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of enCore Energy in a report on Wednesday, October 8th. Zacks Research upgraded enCore Energy to a “hold” rating in a report on Tuesday, August 12th. B. Riley began coverage on enCore Energy in a research note on Wednesday, July 23rd. They issued a “buy” rating and a $4.00 price objective on the stock. HC Wainwright upped their price objective on enCore Energy from $2.75 to $4.00 and gave the stock a “buy” rating in a report on Tuesday, August 12th. Finally, Wall Street Zen upgraded enCore Energy from a “sell” rating to a “hold” rating in a research report on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, enCore Energy currently has an average rating of “Moderate Buy” and a consensus 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.