AWM Investment Company Inc. Purchases 702,619 Shares of enCore Energy Corp. (NASDAQ:EU)

AWM Investment Company Inc. raised its position in shares of enCore Energy Corp. (NASDAQ:EU - Free Report) by 118.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,297,619 shares of the company's stock after purchasing an additional 702,619 shares during the quarter. AWM Investment Company Inc. owned 0.70% of enCore Energy worth $4,425,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Azarias Capital Management L.P. raised its stake in enCore Energy by 6.8% during the 4th quarter. Azarias Capital Management L.P. now owns 5,346,013 shares of the company's stock valued at $18,230,000 after purchasing an additional 342,657 shares during the period. Invesco Ltd. increased its stake in shares of enCore Energy by 3.9% in the fourth quarter. Invesco Ltd. now owns 3,873,993 shares of the company's stock worth $13,210,000 after acquiring an additional 145,459 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of enCore Energy by 44.9% in the fourth quarter. Wells Fargo & Company MN now owns 91,641 shares of the company's stock worth $312,000 after acquiring an additional 28,392 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of enCore Energy in the fourth quarter worth $38,000. Finally, Savant Capital LLC acquired a new position in shares of enCore Energy in the fourth quarter worth $36,000. 20.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other enCore Energy news, Chairman William M. Sheriff acquired 40,000 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average cost of $1.21 per share, for a total transaction of $48,400.00. Following the completion of the acquisition, the chairman now owns 2,310,055 shares of the company's stock, valued at approximately $2,795,166.55. This trade represents a 1.76% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

enCore Energy Stock Performance

Shares of NASDAQ EU traded up $0.37 during mid-day trading on Friday, reaching $1.97. The company had a trading volume of 7,368,785 shares, compared to its average volume of 1,581,077. enCore Energy Corp. has a twelve month low of $1.01 and a twelve month high of $4.96. The stock has a market capitalization of $368.09 million, a PE ratio of -7.04 and a beta of 1.19. The stock's 50 day moving average is $1.48 and its 200-day moving average is $2.55.

enCore Energy (NASDAQ:EU - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.06). The firm had revenue of $18.24 million for the quarter, compared to analyst estimates of $15.10 million. On average, sell-side analysts anticipate that enCore Energy Corp. will post -0.2 EPS for the current year.

enCore Energy 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.