enCore Energy (NASDAQ:EU) CEO Richard Little Acquires 50,000 Shares of Stock

enCore Energy Corp. (NASDAQ:EU) CEO Richard Little bought 50,000 shares of the stock in a transaction on Tuesday, June 9th. The shares were purchased at an average price of $1.28 per share, with a total value of $64,000.00. Following the acquisition, the chief executive officer owned 50,000 shares in the company, valued at approximately $64,000. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

enCore Energy Price Performance

EU stock opened at $1.37 on Friday. The stock has a 50-day moving average price of $1.73 and a two-hundred day moving average price of $2.28. The stock has a market cap of $266.12 million, a PE ratio of -9.13 and a beta of 2.00. 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 Corp. has a 1 year low of $1.26 and a 1 year high of $4.19.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Northland Securities set a $3.75 price objective on enCore Energy in a report on Monday, May 18th. Weiss Ratings cut enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. Wall Street Zen upgraded enCore Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, HC Wainwright reduced their price target on enCore Energy from $4.00 to $3.75 and set a “buy” rating for the company in a report on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $3.83.

Institutional Investors Weigh In On enCore Energy

Several hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. lifted its position in enCore Energy by 25.1% during the second quarter. Raymond James Financial Inc. now owns 19,968 shares of the company’s stock worth $57,000 after acquiring an additional 4,000 shares during the last quarter. Goehring & Rozencwajg Associates LLC lifted its position in enCore Energy by 0.3% during the third quarter. Goehring & Rozencwajg Associates LLC now owns 1,165,336 shares of the company’s stock worth $3,741,000 after acquiring an additional 4,016 shares during the last quarter. Intech Investment Management LLC lifted its position in enCore Energy by 6.5% during the fourth quarter. Intech Investment Management LLC now owns 68,650 shares of the company’s stock worth $170,000 after acquiring an additional 4,219 shares during the last quarter. Franklin Resources Inc. lifted its position in enCore Energy by 24.6% during the third quarter. Franklin Resources Inc. now owns 21,560 shares of the company’s stock worth $69,000 after acquiring an additional 4,252 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in enCore Energy by 192.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 8,137 shares of the company’s stock worth $26,000 after acquiring an additional 5,356 shares during the last quarter. 20.86% of the stock is currently owned by institutional investors and hedge funds.

About enCore Energy

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.