enCore Energy Corp. $EU Stock Holdings Lifted by MMCAP International Inc. SPC

MMCAP International Inc. SPC grew its stake in shares of enCore Energy Corp. (NASDAQ:EU) by 13.0% in the third quarter, Holdings Channel.com reports. The fund owned 4,316,838 shares of the company’s stock after buying an additional 497,337 shares during the quarter. enCore Energy comprises about 1.6% of MMCAP International Inc. SPC’s holdings, making the stock its 18th biggest position. MMCAP International Inc. SPC’s holdings in enCore Energy were worth $13,857,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. NewEdge Advisors LLC raised its position in shares of enCore Energy by 13.2% during the first quarter. NewEdge Advisors LLC now owns 294,405 shares of the company’s stock worth $403,000 after purchasing an additional 34,250 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new position in enCore Energy in the 2nd quarter worth about $35,000. Bank of Montreal Can increased its stake in enCore Energy by 35.6% in the 2nd quarter. Bank of Montreal Can now owns 25,406 shares of the company’s stock worth $73,000 after purchasing an additional 6,666 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in enCore Energy during the 2nd quarter worth about $68,000. Finally, Geode Capital Management LLC lifted its stake in enCore Energy by 6.2% during the second quarter. Geode Capital Management LLC now owns 2,371,758 shares of the company’s stock valued at $6,783,000 after buying an additional 139,010 shares in the last quarter. 20.86% of the stock is currently owned by institutional investors and hedge funds.

enCore Energy Price Performance

enCore Energy stock opened at $2.62 on Monday. The firm has a market cap of $492.04 million, a PE ratio of -9.36 and a beta of 2.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 12.48 and a current ratio of 13.64. The firm’s 50 day moving average price is $2.80 and its two-hundred day moving average price is $2.80. enCore Energy Corp. has a twelve month low of $1.01 and a twelve month high of $4.18.

Insider Buying and Selling at enCore Energy

In other news, insider William M. Sheriff sold 24,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $2.37, for a total value of $56,880.00. Following the transaction, the insider directly owned 2,262,055 shares of the company’s stock, valued at approximately $5,361,070.35. This represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 74,500 shares of company stock valued at $188,510 over the last 90 days. Corporate insiders own 3.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on EU shares. Wall Street Zen downgraded shares of enCore Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of enCore Energy in a research report on Wednesday, January 21st. Finally, Northland Securities assumed coverage on enCore Energy in a report on Tuesday, January 6th. They issued an “outperform” rating and a $3.50 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $3.83.

enCore Energy 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.