enCore Energy (NASDAQ:EU) Announces Earnings Results

enCore Energy (NASDAQ:EU) issued its earnings results on Monday. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07), Zacks reports. The business had revenue of $13.36 million during the quarter, compared to analyst estimates of $14.30 million.

enCore Energy Trading Up 25.2 %

Shares of NASDAQ:EU opened at $1.69 on Wednesday. enCore Energy has a 12-month low of $1.26 and a 12-month high of $5.05. The business’s fifty day simple moving average is $3.14 and its 200-day simple moving average is $3.52. The company has a market capitalization of $314.63 million, a PE ratio of -6.04 and a beta of 0.38.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, Director William M. Sheriff sold 24,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $3.55, for a total transaction of $85,200.00. Following the transaction, the director now directly owns 2,144,055 shares in the company, valued at $7,611,395.25. The trade was a 1.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

enCore Energy Company Profile

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.