Azarias Capital Management L.P. Sells 242,668 Shares of enCore Energy Corp. (NASDAQ:EU)

Azarias Capital Management L.P. reduced its position in shares of enCore Energy Corp. (NASDAQ:EU - Free Report) by 4.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,103,345 shares of the company's stock after selling 242,668 shares during the period. enCore Energy accounts for about 3.9% of Azarias Capital Management L.P.'s holdings, making the stock its 6th biggest holding. Azarias Capital Management L.P. owned approximately 2.74% of enCore Energy worth $6,992,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EU. Savant Capital LLC purchased a new position in enCore Energy during the fourth quarter worth about $36,000. Raymond James Financial Inc. purchased a new position in enCore Energy during the fourth quarter worth about $38,000. Shakespeare Wealth Management LLC purchased a new position in enCore Energy during the fourth quarter worth about $52,000. LPL Financial LLC purchased a new position in enCore Energy during the fourth quarter worth about $56,000. Finally, Cibc World Markets Corp purchased a new position in enCore Energy during the fourth quarter worth about $58,000. 20.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a "buy" rating and set a $2.75 target price on shares of enCore Energy in a research note on Tuesday, May 13th.

Insider Activity

In other news, Chairman William M. Sheriff bought 40,000 shares of enCore Energy stock in a transaction that occurred on Thursday, April 3rd. The shares were purchased at an average price of $1.21 per share, with a total value of $48,400.00. Following the completion of the acquisition, the chairman now directly owns 2,310,055 shares in the company, valued at $2,795,166.55. The trade was a 1.76% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

enCore Energy Price Performance

Shares of NASDAQ EU traded up $0.01 during midday trading on Monday, hitting $2.35. The company's stock had a trading volume of 2,723,953 shares, compared to its average volume of 1,746,087. The business's fifty day simple moving average is $1.83 and its two-hundred day simple moving average is $2.31. enCore Energy Corp. has a 1 year low of $1.01 and a 1 year high of $4.50. The firm has a market capitalization of $439.52 million, a price-to-earnings ratio of -6.35 and a beta of 1.54.

enCore Energy (NASDAQ:EU - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.06). enCore Energy had a negative net margin of 142.32% and a negative return on equity of 16.08%. The business had revenue of $18.24 million during the quarter, compared to analysts' expectations of $15.10 million. Analysts anticipate that enCore Energy Corp. will post -0.2 EPS for the current fiscal year.

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.