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

enCore Energy Corp. (NASDAQ:EU) was the recipient of some unusual options trading on Thursday. Stock traders bought 85,579 call options on the company. This represents an increase of approximately 917% compared to the typical daily volume of 8,417 call options.

enCore Energy Stock Down 0.8%

Shares of NASDAQ EU traded down $0.03 during trading on Thursday, reaching $3.01. The company had a trading volume of 2,434,277 shares, compared to its average volume of 2,759,846. enCore Energy has a 12-month low of $1.01 and a 12-month high of $4.18. The company has a quick ratio of 12.48, a current ratio of 13.64 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average is $2.65 and its 200 day moving average is $2.77. The stock has a market cap of $562.84 million, a PE ratio of -10.77 and a beta of 2.04.

enCore Energy (NASDAQ:EU) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.07) EPS for the quarter. The firm 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%. As a group, equities analysts forecast that enCore Energy will post -0.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on EU shares. Northland Capmk upgraded enCore Energy to a “strong-buy” rating in a research report on Tuesday, January 6th. Northland Securities assumed coverage on enCore Energy in a report on Tuesday, January 6th. They set an “outperform” rating and a $3.50 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of enCore Energy in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of enCore Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, enCore Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.83.

Insider Buying and Selling at enCore Energy

In other news, insider William M. Sheriff sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $2.81, for a total transaction of $28,100.00. Following the completion of the transaction, the insider directly owned 2,876 shares in the company, valued at $8,081.56. This trade represents a 77.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 74,500 shares of company stock valued at $188,510 over the last ninety days. Corporate insiders own 3.90% of the company’s stock.

Institutional Investors Weigh In On enCore Energy

Several institutional investors have recently modified their holdings of the business. Van ECK Associates Corp raised its position in enCore Energy by 76.7% in the 3rd quarter. Van ECK Associates Corp now owns 15,972,156 shares of the company’s stock worth $51,271,000 after buying an additional 6,933,454 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of enCore Energy by 5.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,798,779 shares of the company’s stock worth $34,846,000 after acquiring an additional 582,974 shares during the period. MMCAP International Inc. SPC raised its holdings in shares of enCore Energy by 13.0% during the third quarter. MMCAP International Inc. SPC now owns 4,316,838 shares of the company’s stock valued at $13,857,000 after purchasing an additional 497,337 shares during the last quarter. Azarias Capital Management L.P. lifted its position in enCore Energy by 9.6% during the third quarter. Azarias Capital Management L.P. now owns 4,032,939 shares of the company’s stock valued at $12,946,000 after purchasing an additional 352,775 shares during the period. Finally, Vident Advisory LLC boosted its holdings in enCore Energy by 3.8% in the third quarter. Vident Advisory LLC now owns 3,293,914 shares of the company’s stock worth $10,629,000 after purchasing an additional 121,152 shares during the last quarter. 20.86% of the stock is owned by hedge funds and other institutional investors.

enCore Energy Company Profile

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.