enCore Energy (NASDAQ:EU) Chairman William Sheriff Purchases 50,000 Shares

enCore Energy Corp. (NASDAQ:EU) Chairman William Sheriff acquired 50,000 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was acquired at an average cost of $0.89 per share, with a total value of $44,500.00. Following the purchase, the chairman directly owned 1,562,169 shares in the company, valued at $1,390,330.41. This represents a 3.31% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

enCore Energy Price Performance

EU stock opened at $0.88 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.84 and a current ratio of 8.00. enCore Energy Corp. has a 52 week low of $0.77 and a 52 week high of $4.18. The firm’s fifty day moving average is $1.19 and its 200 day moving average is $1.54. The firm has a market cap of $170.17 million, a P/E ratio of -2.65 and a beta of 2.13.

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

Analyst Ratings Changes

EU has been the subject of several analyst reports. Weiss Ratings cut enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. HC Wainwright decreased their price objective on shares of enCore Energy from $3.75 to $3.50 and set a “buy” rating on the stock in a research report on Friday, August 14th. Zacks Research downgraded shares of enCore Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Finally, Jefferies Financial Group initiated coverage on shares of enCore Energy in a report on Thursday, September 3rd. They set a “buy” rating and a $1.44 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $2.90.

Institutional Trading of enCore Energy

Several large investors have recently added to or reduced their stakes in EU. Sanctuary Advisors LLC boosted its position in shares of enCore Energy by 37.7% during the first quarter. Sanctuary Advisors LLC now owns 24,138 shares of the company’s stock valued at $43,000 after buying an additional 6,608 shares during the last quarter. Banque Cantonale Vaudoise raised its stake in enCore Energy by 6.3% during the 1st quarter. Banque Cantonale Vaudoise now owns 213,804 shares of the company’s stock valued at $386,000 after buying an additional 12,700 shares during the last quarter. Brookstone Capital Management purchased a new stake in enCore Energy during the 1st quarter valued at $26,000. Royal Bank of Canada lifted its holdings in shares of enCore Energy by 154.5% during the 1st quarter. Royal Bank of Canada now owns 31,744 shares of the company’s stock valued at $57,000 after buying an additional 19,269 shares during the period. Finally, Krilogy Financial LLC bought a new position in shares of enCore Energy during the 1st quarter valued at $36,000. Institutional investors own 20.86% of the company’s stock.

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.