Insider Buying: enCore Energy (NASDAQ:EU) Chairman Acquires $44,500.00 in Stock

enCore Energy Corp. (NASDAQ:EU) Chairman William Sheriff acquired 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were bought at an average price of $0.89 per share, for a total transaction of $44,500.00. Following the completion of the purchase, the chairman owned 1,562,169 shares of the company’s stock, valued at approximately $1,390,330.41. This represents a 3.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

enCore Energy Price Performance

EU traded down $0.05 on Wednesday, reaching $0.88. The company had a trading volume of 4,897,761 shares, compared to its average volume of 3,459,134. The company has a fifty day moving average of $1.20 and a 200-day moving average of $1.55. The company has a market capitalization of $170.17 million, a P/E ratio of -2.65 and a beta of 2.13. The company has a current ratio of 8.00, a quick ratio of 6.84 and a debt-to-equity ratio of 0.45. enCore Energy Corp. has a one year low of $0.77 and a one year high of $4.18.

enCore Energy (NASDAQ:EU) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.11). The company had revenue of $15.70 million for the quarter. enCore Energy had a negative return on equity of 28.00% and a negative net margin of 112.82%. As a group, equities research analysts anticipate that enCore Energy Corp. will post -0.41 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on EU. Zacks Research downgraded enCore Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Jefferies Financial Group began coverage on enCore Energy in a research report on Thursday, September 3rd. They set a “buy” rating and a $1.44 price target on the stock. HC Wainwright dropped their price objective on enCore Energy from $3.75 to $3.50 and set a “buy” rating on the stock in a research note on Friday, August 14th. Finally, Weiss Ratings lowered enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $2.90.

Hedge Funds Weigh In On enCore Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. acquired a new stake in enCore Energy during the 4th quarter valued at $2,379,000. Azarias Capital Management L.P. boosted its position in shares of enCore Energy by 22.6% in the first quarter. Azarias Capital Management L.P. now owns 5,067,708 shares of the company’s stock worth $9,122,000 after buying an additional 934,857 shares during the period. Tidal Investments LLC purchased a new position in shares of enCore Energy during the second quarter valued at $2,755,000. GeoSphere Capital Management LLC grew its holdings in shares of enCore Energy by 333.3% during the fourth quarter. GeoSphere Capital Management LLC now owns 1,300,000 shares of the company’s stock valued at $3,224,000 after buying an additional 1,000,000 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of enCore Energy during the second quarter valued at $725,000. 20.86% of the stock is currently owned by hedge funds and other institutional investors.

About enCore Energy

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.