enCore Energy (NASDAQ:EU) Director William Harris Sells 80,000 Shares

Key Points

• William Harris, a director at enCore Energy, sold 80,000 shares at an average price of $3.41, reducing his total ownership by 22.22%.
• enCore Energy's stock experienced a slight decline of 1.4%, closing at $3.42 with a market cap of $639.88 million.
• Analysts have set a consensus target price of $4.00 for enCore Energy, with varying ratings between Strong Buy and Sell from different research firms.

enCore Energy Corp. (NASDAQ:EU - Get Free Report) Director William Harris sold 80,000 shares of the stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $3.41, for a total value of $272,800.00. Following the transaction, the director owned 280,001 shares of the company's stock, valued at approximately $954,803.41. This trade represents a 22.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

enCore Energy Stock Down 1.4%

Shares of enCore Energy stock traded down $0.05 on Thursday, hitting $3.42. 3,177,570 shares of the company's stock traded hands, compared to its average volume of 2,900,343. The stock has a market cap of $639.88 million, a P/E ratio of -9.77 and a beta of 1.98. The firm's 50-day moving average is $2.69 and its 200 day moving average is $2.25. enCore Energy Corp. has a 52-week low of $1.01 and a 52-week high of $4.44.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. bought a new position in shares of enCore Energy during the second quarter worth approximately $29,000. Ballentine Partners LLC bought a new position in enCore Energy in the second quarter valued at approximately $29,000. Vanguard Personalized Indexing Management LLC bought a new position in enCore Energy in the second quarter valued at approximately $35,000. Tower Research Capital LLC TRC boosted its position in enCore Energy by 88.0% in the second quarter. Tower Research Capital LLC TRC now owns 16,105 shares of the company's stock valued at $46,000 after buying an additional 7,540 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted 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 in the last quarter. 20.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on EU. Zacks Research raised enCore Energy to a "hold" rating in a report on Tuesday, August 12th. HC Wainwright upped their target price on enCore Energy from $2.75 to $4.00 and gave the company a "buy" rating in a report on Tuesday, August 12th. B. Riley began coverage on enCore Energy in a report on Wednesday, July 23rd. They set a "buy" rating and a $4.00 target price for the company. Wall Street Zen raised enCore Energy from a "sell" rating to a "hold" rating in a report on Monday, September 22nd. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of enCore Energy in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $4.00.

enCore Energy Company Profile

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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