enCore Energy Corp. $EU Holdings Lifted by GeoSphere Capital Management LLC

GeoSphere Capital Management LLC grew its position in enCore Energy Corp. (NASDAQ:EU) by 333.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,300,000 shares of the company’s stock after buying an additional 1,000,000 shares during the period. enCore Energy makes up approximately 1.1% of GeoSphere Capital Management LLC’s investment portfolio, making the stock its 19th largest position. GeoSphere Capital Management LLC’s holdings in enCore Energy were worth $3,224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp grew 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 purchasing an additional 6,933,454 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in enCore Energy by 5.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,798,779 shares of the company’s stock worth $34,846,000 after purchasing an additional 582,974 shares during the last quarter. MMCAP International Inc. SPC grew its position in enCore Energy by 13.0% in the 3rd quarter. MMCAP International Inc. SPC now owns 4,316,838 shares of the company’s stock worth $13,857,000 after purchasing an additional 497,337 shares during the last quarter. Azarias Capital Management L.P. grew its position in enCore Energy by 2.5% in the 4th quarter. Azarias Capital Management L.P. now owns 4,132,851 shares of the company’s stock worth $10,249,000 after purchasing an additional 99,912 shares during the last quarter. Finally, Vident Advisory LLC grew its position in enCore Energy by 3.8% in the 3rd 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. Institutional investors own 20.86% of the company’s stock.

Insider Buying and Selling

In other enCore Energy news, Chairman William M. Sheriff bought 25,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was acquired at an average cost of $1.47 per share, with a total value of $36,750.00. Following the completion of the purchase, the chairman directly owned 25,000 shares in the company, valued at approximately $36,750. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 3.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wall Street Zen raised shares of enCore Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. HC Wainwright reduced their price target on shares of enCore Energy from $4.00 to $3.75 and set a “buy” rating for the company in a research note on Friday, May 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of enCore Energy in a research note on Monday, April 20th. Finally, Northland Securities set a $3.75 price target on shares of enCore Energy in a research note on Monday, May 18th. Two investment analysts have 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 stock. According to MarketBeat, enCore Energy has an average rating of “Moderate Buy” and a consensus target price of $3.83.

enCore Energy Stock Performance

Shares of NASDAQ:EU opened at $1.48 on Monday. The company has a 50 day moving average of $1.83 and a 200-day moving average of $2.39. The firm has a market cap of $287.45 million, a P/E ratio of -9.87 and a beta of 2.18. enCore Energy Corp. has a twelve month low of $1.34 and a twelve month high of $4.19. The company has a current ratio of 11.08, a quick ratio of 10.25 and a debt-to-equity ratio of 0.39.

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

enCore Energy 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.