enCore Energy (NASDAQ:EU) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS

enCore Energy (NASDAQ:EU - Get Free Report) announced its quarterly earnings results on Monday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.06), Zacks reports. The firm had revenue of $18.24 million during the quarter, compared to analysts' expectations of $15.10 million.

enCore Energy Trading Down 5.2%

EU stock traded down $0.09 during trading on Friday, reaching $1.64. The stock had a trading volume of 2,306,596 shares, compared to its average volume of 1,551,999. enCore Energy has a 52 week low of $1.01 and a 52 week high of $4.96. The stock's 50 day moving average is $1.46 and its two-hundred day moving average is $2.62. The firm has a market cap of $306.17 million, a PE ratio of -5.86 and a beta of 1.19.

Insider Buying and Selling at enCore Energy

In related news, Chairman William M. Sheriff acquired 40,000 shares of the stock in a transaction dated Thursday, April 3rd. The shares were purchased at an average cost of $1.21 per share, with a total value of $48,400.00. Following the transaction, the chairman now directly owns 2,310,055 shares in the company, valued at approximately $2,795,166.55. This represents a 1.76% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in enCore Energy stock. NewEdge Advisors LLC increased its holdings in enCore Energy Corp. (NASDAQ:EU - Free Report) by 13.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 294,405 shares of the company's stock after purchasing an additional 34,250 shares during the period. NewEdge Advisors LLC owned 0.16% of enCore Energy worth $403,000 as of its most recent SEC filing. 20.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a "buy" rating and issued a $2.75 target price on shares of enCore Energy in a report on Tuesday.

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.