enCore Energy (NASDAQ:EU) Issues Quarterly Earnings Results, Misses Expectations By $0.07 EPS

enCore Energy (NASDAQ:EU) posted its quarterly earnings results on Monday. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.07), Zacks reports.

enCore Energy Trading Down 46.4 %

EU stock opened at $1.35 on Tuesday. enCore Energy has a one year low of $1.26 and a one year high of $5.05. The firm has a market capitalization of $251.33 million, a PE ratio of -4.82 and a beta of 0.12. The firm has a 50-day moving average of $3.18 and a two-hundred day moving average of $3.54.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at enCore Energy

In other news, Chairman William M. Sheriff sold 24,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $3.20, for a total value of $76,800.00. Following the completion of the sale, the chairman now directly owns 2,120,055 shares of the company’s stock, valued at $6,784,176. This represents a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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.