Insider Buying: enCore Energy (NASDAQ:EU) Chairman Purchases $84,000.00 in Stock

enCore Energy Corp. (NASDAQ:EU) Chairman William Sheriff bought 100,000 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were acquired at an average price of $0.84 per share, for a total transaction of $84,000.00. Following the completion of the transaction, the chairman owned 1,512,169 shares in the company, valued at $1,270,221.96. This trade represents a 7.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

enCore Energy Trading Down 5.3%

EU traded down $0.05 during trading on Wednesday, reaching $0.88. 4,897,761 shares of the company’s stock were exchanged, compared to its average volume of 3,459,134. The company has a current ratio of 8.00, a quick ratio of 6.84 and a debt-to-equity ratio of 0.45. enCore Energy Corp. has a one year low of $0.77 and a one year high of $4.18. The firm has a fifty day moving average price of $1.20 and a two-hundred day moving average price of $1.55. The stock has a market capitalization of $170.17 million, a PE ratio of -2.65 and a beta of 2.13.

enCore Energy (NASDAQ:EU) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.11). The business had revenue of $15.70 million for the quarter. enCore Energy had a negative net margin of 112.82% and a negative return on equity of 28.00%. As a group, equities research analysts forecast that enCore Energy Corp. will post -0.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Zacks Research lowered enCore Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Jefferies Financial Group started coverage on enCore Energy in a research report on Thursday, September 3rd. They issued a “buy” rating and a $1.44 price target on the stock. HC Wainwright lowered their price objective on enCore Energy from $3.75 to $3.50 and set a “buy” rating for the company in a research report on Friday, August 14th. Finally, Weiss Ratings lowered enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, enCore Energy has a consensus rating of “Hold” and an average target price of $2.90.

Institutional Investors Weigh In On enCore Energy

Large investors have recently modified their holdings of the company. Azarias Capital Management L.P. raised its stake in enCore Energy by 22.6% during the first quarter. Azarias Capital Management L.P. now owns 5,067,708 shares of the company’s stock worth $9,122,000 after buying an additional 934,857 shares during the last quarter. Tidal Investments LLC acquired a new stake in enCore Energy during the 2nd quarter worth about $2,755,000. Goehring & Rozencwajg Associates LLC grew its holdings in enCore Energy by 19.3% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,464,724 shares of the company’s stock worth $2,637,000 after acquiring an additional 237,469 shares during the period. GeoSphere Capital Management LLC raised its position in shares of enCore Energy by 333.3% in the 4th quarter. GeoSphere Capital Management LLC now owns 1,300,000 shares of the company’s stock worth $3,224,000 after acquiring an additional 1,000,000 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new position in shares of enCore Energy in the 4th quarter worth about $2,379,000. 20.86% of the stock is currently owned by institutional investors and hedge funds.

enCore Energy Company Profile

enCore Energy Corp. is a uranium exploration, development and production company focused on advancing domestic uranium resources in the United States. The company uses in-situ recovery (ISR) technology, which extracts uranium from suitable underground formations by circulating a solution through the deposit and processing the resulting uranium-bearing fluids at a recovery plant.

enCore’s portfolio includes uranium projects and production facilities in South Texas, including the Alta Mesa and Rosita projects.