Dennis Stover Sells 20,000 Shares of enCore Energy (NASDAQ:EU) Stock

Key Points

• Director Dennis Stover sold 20,000 shares of enCore Energy stock at an average price of $3.54, totaling $70,800, reducing his ownership by 4.09%.
• enCore Energy's stock experienced an 11.2% increase in trading, reaching $4.07, with a significant trading volume of over 13.6 million shares.
• Analysts have set a consensus rating of "Moderate Buy" for enCore Energy, with an average price target of $4.00, while some ratings range from "Strong Buy" to "Sell".

enCore Energy Corp. (NASDAQ:EU - Get Free Report) Director Dennis Stover sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $3.54, for a total transaction of $70,800.00. Following the transaction, the director directly owned 468,500 shares of the company's stock, valued at $1,658,490. This represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Dennis Stover also recently made the following trade(s):

• On Tuesday, October 7th, Dennis Stover sold 20,000 shares of enCore Energy stock. The stock was sold at an average price of $3.33, for a total value of $66,600.00.

enCore Energy Trading Up 11.2%

EU traded up $0.41 during trading on Wednesday, hitting $4.07. The company's stock had a trading volume of 13,632,598 shares, compared to its average volume of 3,008,712. The business's fifty day simple moving average is $2.76 and its 200 day simple moving average is $2.31. The firm has a market capitalization of $761.50 million, a price-to-earnings ratio of -11.63 and a beta of 1.98. enCore Energy Corp. has a twelve month low of $1.01 and a twelve month high of $4.44.

enCore Energy (NASDAQ:EU - Get Free Report) last released its earnings results on Monday, August 11th. The company reported ($0.07) EPS for the quarter. enCore Energy had a negative return on equity of 19.23% and a negative net margin of 143.28%.The company had revenue of $3.66 million for the quarter. As a group, equities research analysts forecast that enCore Energy Corp. will post -0.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EU has been the topic of a number of research analyst reports. Zacks Research raised enCore Energy to a "hold" rating in a research note on Tuesday, August 12th. B. Riley initiated coverage on enCore Energy in a research note on Wednesday, July 23rd. They issued a "buy" rating and a $4.00 price target on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of enCore Energy in a research note on Wednesday, October 8th. Wall Street Zen raised enCore Energy from a "sell" rating to a "hold" rating in a research note on Monday, September 22nd. Finally, HC Wainwright lifted their price target on enCore Energy from $2.75 to $4.00 and gave the stock a "buy" rating in a research note on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, enCore Energy presently has a consensus rating of "Moderate Buy" and an average price target of $4.00.

Hedge Funds Weigh In On enCore Energy

A number of hedge funds have recently modified their holdings of EU. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in enCore Energy by 64.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,000 shares of the company's stock valued at $27,000 after buying an additional 7,461 shares during the last quarter. Compound Planning Inc. purchased a new stake in shares of enCore Energy in the 1st quarter valued at approximately $27,000. Farther Finance Advisors LLC lifted its holdings in shares of enCore Energy by 222.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,405 shares of the company's stock worth $27,000 after acquiring an additional 5,797 shares during the last quarter. Ballentine Partners LLC purchased a new position in shares of enCore Energy during the 2nd quarter worth approximately $29,000. Finally, Osaic Holdings Inc. acquired a new stake in enCore Energy in the 2nd quarter valued at approximately $29,000. 20.86% of the stock is currently owned by hedge funds and other institutional investors.

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.

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