enCore Energy (NASDAQ:EU) Sets New 1-Year High at $5.05

Shares of enCore Energy Corp. (NASDAQ:EU) hit a new 52-week high during trading on Tuesday . The company traded as high as $5.05 and last traded at $5.02, with a volume of 168272 shares trading hands. The stock had previously closed at $4.89.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. B. Riley initiated coverage on enCore Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $6.00 price objective for the company. HC Wainwright started coverage on shares of enCore Energy in a research report on Monday. They issued a “buy” rating and a $7.50 price target for the company.

enCore Energy Price Performance

The company’s 50-day moving average price is $4.28. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.04 and a quick ratio of 4.03.

enCore Energy (NASDAQ:EU) last released its earnings results on Thursday, March 28th. The company reported ($0.09) earnings per share for the quarter. On average, equities research analysts expect that enCore Energy Corp. will post 0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Sumitomo Mitsui Trust Holdings Inc. bought a new position in enCore Energy during the first quarter worth $83,000. Goehring & Rozencwajg Associates LLC boosted its stake in enCore Energy by 3.9% during the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 905,195 shares of the company’s stock worth $3,557,000 after acquiring an additional 34,125 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in enCore Energy by 54.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 125,833 shares of the company’s stock worth $551,000 after acquiring an additional 44,312 shares in the last quarter. GeoSphere Capital Management LLC boosted its stake in enCore Energy by 7.7% during the fourth quarter. GeoSphere Capital Management LLC now owns 696,700 shares of the company’s stock worth $2,738,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Paradice Investment Management LLC bought a new position in enCore Energy during the fourth quarter worth $239,000. 20.86% of the stock is owned by institutional investors.

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.