enCore Energy Sees Unusually High Options Volume (NASDAQ:EU)

enCore Energy Corp. (NASDAQ:EU) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 11,721 call options on the company. This represents an increase of 96% compared to the average daily volume of 5,994 call options.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EU. Weiss Ratings reissued a “sell (d-)” rating on shares of enCore Energy in a report on Wednesday, October 8th. Wall Street Zen downgraded enCore Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, enCore Energy presently has a consensus rating of “Moderate Buy” and an average price target of $4.00.

Insider Activity at enCore Energy

In other news, insider William M. Sheriff sold 24,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $2.37, for a total value of $56,880.00. Following the transaction, the insider owned 2,262,055 shares of the company’s stock, valued at approximately $5,361,070.35. This represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dennis Stover sold 20,000 shares of the stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $3.54, for a total value of $70,800.00. Following the completion of the sale, the director owned 468,500 shares in the company, valued at $1,658,490. This trade represents a 4.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 168,000 shares of company stock worth $530,680. 3.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On enCore Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. Bogart Wealth LLC purchased a new position in shares of enCore Energy during the third quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd increased its position in enCore Energy by 192.6% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 8,137 shares of the company’s stock valued at $26,000 after purchasing an additional 5,356 shares during the period. Farther Finance Advisors LLC lifted its position in shares of enCore Energy by 222.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,405 shares of the company’s stock worth $27,000 after purchasing an additional 5,797 shares during the period. Osaic Holdings Inc. bought a new stake in shares of enCore Energy during the 2nd quarter valued at about $29,000. Finally, Ballentine Partners LLC purchased a new position in shares of enCore Energy during the second quarter valued at about $29,000. Hedge funds and other institutional investors own 20.86% of the company’s stock.

enCore Energy Trading Down 1.9%

EU traded down $0.05 on Tuesday, hitting $2.38. 1,998,930 shares of the company were exchanged, compared to its average volume of 3,052,806. The company has a debt-to-equity ratio of 0.39, a quick ratio of 12.48 and a current ratio of 13.64. enCore Energy has a 12 month low of $1.01 and a 12 month high of $4.18. The firm has a fifty day simple moving average of $2.70 and a two-hundred day simple moving average of $2.75. The stock has a market capitalization of $444.84 million, a PE ratio of -8.48 and a beta of 2.02.

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

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.