enCore Energy (NASDAQ:EU) Director Wayne Heili Acquires 35,000 Shares

enCore Energy Corp. (NASDAQ:EU) Director Wayne Heili bought 35,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was purchased at an average price of $1.44 per share, for a total transaction of $50,400.00. Following the purchase, the director directly owned 35,000 shares in the company, valued at approximately $50,400. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

enCore Energy Trading Up 8.4%

NASDAQ EU opened at $1.67 on Wednesday. The stock has a market capitalization of $324.40 million, a price-to-earnings ratio of -11.13 and a beta of 2.00. The stock’s 50 day moving average price is $1.70 and its two-hundred day moving average price is $2.26. The company has a debt-to-equity ratio of 0.39, a quick ratio of 10.25 and a current ratio of 11.08. enCore Energy Corp. has a 52 week low of $1.26 and a 52 week high of $4.19.

enCore Energy (NASDAQ:EU) last released its earnings results on Thursday, May 14th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The firm had revenue of $18.30 million during the quarter, compared to the consensus estimate of $9.30 million. enCore Energy had a negative net margin of 62.96% and a negative return on equity of 21.98%. As a group, analysts anticipate that enCore Energy Corp. will post -0.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Weiss Ratings cut enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, June 8th. Northland Securities set a $3.75 price objective on enCore Energy in a research note on Monday, May 18th. Wall Street Zen upgraded enCore Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, HC Wainwright dropped their price objective on enCore Energy from $4.00 to $3.75 and set a “buy” rating on the stock in a research note on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $3.83.

Institutional Investors Weigh In On enCore Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp raised its stake in shares of enCore Energy by 76.7% during the 3rd quarter. Van ECK Associates Corp now owns 15,972,156 shares of the company’s stock worth $51,271,000 after purchasing an additional 6,933,454 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of enCore Energy by 5.7% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,798,779 shares of the company’s stock worth $34,846,000 after purchasing an additional 582,974 shares in the last quarter. Azarias Capital Management L.P. raised its stake in shares of enCore Energy by 22.6% during the 1st quarter. Azarias Capital Management L.P. now owns 5,067,708 shares of the company’s stock worth $9,122,000 after purchasing an additional 934,857 shares in the last quarter. MMCAP International Inc. SPC raised its stake in shares of enCore Energy by 13.0% during the 3rd quarter. MMCAP International Inc. SPC now owns 4,316,838 shares of the company’s stock worth $13,857,000 after purchasing an additional 497,337 shares in the last quarter. Finally, Vident Advisory LLC increased its holdings in shares of enCore Energy by 3.8% during the 3rd quarter. Vident Advisory LLC now owns 3,293,914 shares of the company’s stock worth $10,629,000 after acquiring an additional 121,152 shares during the last quarter. Institutional investors own 20.86% of the company’s stock.

enCore Energy Company Profile

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.