Insider Selling: enCore Energy Corp. (NASDAQ:EU) Chairman Sells $76,800.00 in Stock

enCore Energy Corp. (NASDAQ:EU) Chairman William M. Sheriff sold 24,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $3.20, for a total value of $76,800.00. Following the sale, the chairman now directly owns 2,120,055 shares of the company’s stock, valued at $6,784,176. The trade was a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

enCore Energy Stock Down 5.1 %

Shares of enCore Energy stock opened at $2.98 on Friday. The firm has a market cap of $554.64 million, a price-to-earnings ratio of -10.64 and a beta of 0.12. enCore Energy Corp. has a 52-week low of $2.95 and a 52-week high of $5.05. The company’s 50-day simple moving average is $3.41 and its 200-day simple moving average is $3.63.

Hedge Funds Weigh In On enCore Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in EU. Savant Capital LLC acquired a new stake in shares of enCore Energy in the fourth quarter valued at about $36,000. Raymond James Financial Inc. purchased a new position in enCore Energy in the fourth quarter valued at about $38,000. Sei Investments Co. acquired a new stake in shares of enCore Energy during the 2nd quarter valued at approximately $46,000. Franklin Resources Inc. purchased a new stake in shares of enCore Energy during the 3rd quarter worth approximately $60,000. Finally, Verition Fund Management LLC purchased a new position in shares of enCore Energy in the third quarter valued at $96,000. Institutional investors and hedge funds own 20.86% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and set a $7.00 price target on shares of enCore Energy in a research note on Tuesday, November 19th.

About enCore Energy

enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. It holds a 100% interest in Crownpoint and Hosta Butte uranium project area covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also holds interest in the Marquez-Juan Tafoya property comprises 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project comprising 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.