enCore Energy (NASDAQ:EU) Issues Earnings Results

enCore Energy (NASDAQ:EU) released its earnings results on Thursday. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01, Zacks reports. enCore Energy had a negative return on equity of 28.00% and a negative net margin of 112.82%.

enCore Energy Price Performance

enCore Energy stock traded down $0.02 during mid-day trading on Thursday, hitting $0.56. The company’s stock had a trading volume of 988,391 shares, compared to its average volume of 3,632,019. The company has a quick ratio of 6.84, a current ratio of 8.00 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $110.16 million, a P/E ratio of -1.71 and a beta of 2.29. enCore Energy has a twelve month low of $0.55 and a twelve month high of $3.67. The stock’s fifty day moving average price is $0.94 and its two-hundred day moving average price is $1.56.

Analyst Ratings Changes

EU has been the subject of a number of research reports. Wall Street Zen lowered enCore Energy from a “hold” rating to a “strong sell” rating in a research note on Saturday, September 26th. Weiss Ratings downgraded enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, September 14th. Jefferies Financial Group initiated coverage on enCore Energy in a report on Thursday, September 3rd. They issued a “buy” rating and a $1.44 price objective for the company. HC Wainwright decreased their target price on enCore Energy from $3.75 to $3.50 and set a “buy” rating for the company in a research note on Friday, August 14th. Finally, Zacks Research raised enCore Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2.90.

Insider Buying and Selling at enCore Energy

In related news, Chairman William Sheriff acquired 100,000 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was bought at an average price of $0.84 per share, for a total transaction of $84,000.00. Following the transaction, the chairman owned 1,512,169 shares of the company’s stock, valued at approximately $1,270,221.96. The trade was a 7.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan Hoxie-Key sold 30,648 shares of the firm’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $0.94, for a total value of $28,809.12. Following the sale, the director directly owned 60,918 shares of the company’s stock, valued at approximately $57,262.92. This represents a 33.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders acquired 310,000 shares of company stock worth $262,100 in the last ninety days. 3.00% of the stock is owned by corporate insiders.

About enCore Energy

enCore Energy Corp. is a uranium company focused on developing and operating domestic uranium production assets in the United States. The company uses in-situ recovery (ISR), a method that extracts uranium from underground deposits by circulating a solution through the ore-bearing formation and processing the recovered material at a central plant. enCore’s portfolio is concentrated primarily in South Texas, where it owns and operates the Rosita processing plant and is developing the Alta Mesa project.