enCore Energy Corp. (NASDAQ:EU) Position Reduced by Azarias Capital Management L.P.

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

Several other institutional investors have also recently made changes to their positions in the business. Savant Capital LLC purchased a new position in shares of enCore Energy in the 4th quarter worth $36,000. Raymond James Financial Inc. bought a new stake in shares of enCore Energy during the fourth quarter worth $38,000. Shakespeare Wealth Management LLC bought a new stake in shares of enCore Energy in the fourth quarter valued at about $52,000. LPL Financial LLC bought a new stake in shares of enCore Energy in the fourth quarter valued at about $56,000. Finally, Cibc World Markets Corp bought a new stake in shares of enCore Energy in the fourth quarter valued at about $58,000. Institutional investors own 20.86% of the company's stock.

enCore Energy Price Performance

NASDAQ:EU traded down $0.10 during trading hours on Friday, reaching $2.34. The company had a trading volume of 8,101,241 shares, compared to its average volume of 1,743,477. enCore Energy Corp. has a 1-year low of $1.01 and a 1-year high of $4.50. The firm has a market cap of $437.65 million, a PE ratio of -6.32 and a beta of 1.54. The business's 50 day moving average price is $1.81 and its 200-day moving average price is $2.34.

enCore Energy (NASDAQ:EU - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.06). enCore Energy had a negative return on equity of 16.08% and a negative net margin of 142.32%. The business had revenue of $18.24 million for the quarter, compared to analyst estimates of $15.10 million. On average, analysts expect that enCore Energy Corp. will post -0.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, Chairman William M. Sheriff purchased 40,000 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were 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 in the company, valued at approximately $2,795,166.55. This represents a 1.76% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.