enCore Energy (NASDAQ:EU) CEO Purchases $64,000.00 in Stock

enCore Energy Corp. (NASDAQ:EU) CEO Richard Little bought 50,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were bought at an average price of $1.28 per share, for a total transaction of $64,000.00. Following the completion of the acquisition, the chief executive officer owned 50,000 shares of the company’s stock, valued at approximately $64,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

enCore Energy Stock Performance

Shares of NASDAQ:EU traded up $0.09 during midday trading on Thursday, hitting $1.37. The company’s stock had a trading volume of 3,277,449 shares, compared to its average volume of 3,021,549. The stock has a market capitalization of $266.10 million, a price-to-earnings ratio of -9.13 and a beta of 2.00. The stock’s 50 day simple moving average is $1.74 and its 200 day simple moving average is $2.29. enCore Energy Corp. has a fifty-two week low of $1.26 and a fifty-two week high of $4.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 10.25 and a current ratio of 11.08.

enCore Energy (NASDAQ:EU) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The business had revenue of $18.30 million during the quarter, compared to analyst estimates of $9.30 million. enCore Energy had a negative net margin of 62.96% and a negative return on equity of 21.98%. As a group, research analysts anticipate that enCore Energy Corp. will post -0.27 earnings per share for the current year.

Institutional Investors Weigh In On enCore Energy

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. raised its stake in shares of enCore Energy by 25.1% in the second quarter. Raymond James Financial Inc. now owns 19,968 shares of the company’s stock valued at $57,000 after acquiring an additional 4,000 shares during the last quarter. Goehring & Rozencwajg Associates LLC raised its position in enCore Energy by 0.3% in the 3rd quarter. Goehring & Rozencwajg Associates LLC now owns 1,165,336 shares of the company’s stock worth $3,741,000 after purchasing an additional 4,016 shares during the last quarter. Intech Investment Management LLC raised its position in enCore Energy by 6.5% in the 4th quarter. Intech Investment Management LLC now owns 68,650 shares of the company’s stock worth $170,000 after purchasing an additional 4,219 shares during the last quarter. Franklin Resources Inc. raised its position in enCore Energy by 24.6% in the 3rd quarter. Franklin Resources Inc. now owns 21,560 shares of the company’s stock worth $69,000 after purchasing an additional 4,252 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in enCore Energy by 192.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 8,137 shares of the company’s stock worth $26,000 after purchasing an additional 5,356 shares during the last quarter. 20.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EU shares. HC Wainwright lowered their price target on enCore Energy from $4.00 to $3.75 and set a “buy” rating on the stock in a research report on Friday, May 15th. Northland Securities set a $3.75 target price on enCore Energy in a research report on Monday, May 18th. Wall Street Zen raised enCore Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings downgraded enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, enCore Energy presently has an average rating of “Moderate Buy” and a consensus target price of $3.83.

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.