enCore Energy Corp. (NASDAQ:EU) Shares Acquired by Azarias Capital Management L.P.

Azarias Capital Management L.P. increased its position in enCore Energy Corp. (NASDAQ:EU) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,346,013 shares of the company’s stock after buying an additional 342,657 shares during the period. enCore Energy accounts for 8.2% of Azarias Capital Management L.P.’s portfolio, making the stock its 2nd largest holding. Azarias Capital Management L.P. owned 2.87% of enCore Energy worth $18,230,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Savant Capital LLC bought a new position in enCore Energy during the fourth quarter valued at about $36,000. Franklin Resources Inc. acquired a new position in shares of enCore Energy during the 3rd quarter valued at about $60,000. Verition Fund Management LLC bought a new position in shares of enCore Energy in the 3rd quarter valued at approximately $96,000. Intech Investment Management LLC acquired a new stake in enCore Energy in the 3rd quarter worth approximately $110,000. Finally, Sanctuary Advisors LLC bought a new stake in enCore Energy during the third quarter worth approximately $128,000. Institutional investors own 20.86% of the company’s stock.

enCore Energy Stock Performance

EU stock opened at $2.90 on Thursday. The company has a 50-day moving average of $3.35 and a two-hundred day moving average of $3.60. enCore Energy Corp. has a 52-week low of $2.82 and a 52-week high of $5.05.

Insider Buying and Selling

In other enCore Energy news, Director William M. Sheriff sold 24,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $3.55, for a total value of $85,200.00. Following the sale, the director now directly owns 2,144,055 shares in the company, valued at $7,611,395.25. This trade represents a 1.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Analysts Set New Price Targets

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

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.