enCore Energy (NASDAQ:EU - Get Free Report) issued its earnings results on Monday. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.06), Zacks reports.
enCore Energy Stock Up 3.5%
Shares of NASDAQ EU traded up $0.06 during trading on Monday, hitting $1.76. 2,432,014 shares of the company traded hands, compared to its average volume of 1,542,705. The firm has a market capitalization of $328.57 million, a P/E ratio of -6.29 and a beta of 1.19. The company has a 50-day moving average price of $1.45 and a 200-day moving average price of $2.69. enCore Energy has a 1 year low of $1.01 and a 1 year high of $4.96.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright reduced their price target on shares of enCore Energy from $7.00 to $2.75 and set a "buy" rating for the company in a research report on Tuesday, March 18th.
Check Out Our Latest Stock Analysis on EU
Insider Activity at enCore Energy
In related news, Chairman William M. Sheriff bought 40,000 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was bought at an average price of $1.21 per share, with a total value of $48,400.00. Following the completion of the transaction, the chairman now directly owns 2,310,055 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink.
About enCore Energy
(
Get Free Report)
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.
Further Reading
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