enCore Energy (NASDAQ:EU) Chairman Acquires $81,000.00 in Stock

Key Points

• Chairman William Sheriff purchased 100,000 enCore Energy shares at an average price of $0.81, investing $81,000 and increasing his direct stake by 6.4% to 1.66 million shares.
• enCore Energy shares opened at $0.90, near their 52-week low of $0.77 and well below the 52-week high of $4.18. The company reported a quarterly loss of $0.21 per share, missing estimates by $0.11, on $15.7 million in revenue.
• Analyst opinions remain mixed: the stock has a consensus “Hold” rating and a $2.90 target price, with recent buy ratings and downgrades to “Strong Sell” and “Sell.”

enCore Energy Corp. (NASDAQ:EU - Get Free Report) Chairman William Sheriff bought 100,000 shares of the firm's stock in a transaction that occurred on Friday, September 18th. The shares were acquired at an average cost of $0.81 per share, for a total transaction of $81,000.00. Following the completion of the acquisition, the chairman directly owned 1,662,169 shares in the company, valued at $1,346,356.89. The trade was a 6.40% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

enCore Energy Price Performance

Shares of EU opened at $0.90 on Monday. The company's 50-day moving average is $1.17 and its 200-day moving average is $1.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.00 and a quick ratio of 6.84. The firm has a market capitalization of $174.12 million, a PE ratio of -2.72 and a beta of 2.13. enCore Energy Corp. has a fifty-two week low of $0.77 and a fifty-two week high of $4.18.

enCore Energy (NASDAQ:EU - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.11). The firm had revenue of $15.70 million for the quarter. enCore Energy had a negative return on equity of 28.00% and a negative net margin of 112.82%. Equities analysts forecast that enCore Energy Corp. will post -0.41 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on EU shares. Zacks Research downgraded shares of enCore Energy from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 14th. HC Wainwright dropped their price target on enCore Energy from $3.75 to $3.50 and set a "buy" rating on the stock in a research report on Friday, August 14th. Weiss Ratings downgraded enCore Energy from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Monday, September 14th. Finally, Jefferies Financial Group started coverage on enCore Energy in a report on Thursday, September 3rd. They issued a "buy" rating and a $1.44 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, enCore Energy has a consensus rating of "Hold" and a consensus target price of $2.90.

Institutional Trading of enCore Energy

A number of hedge funds have recently made changes to their positions in EU. Brookstone Capital Management purchased a new position in enCore Energy in the first quarter worth $26,000. Krilogy Financial LLC bought a new stake in enCore Energy during the first quarter worth about $36,000. Sanctuary Advisors LLC lifted its stake in enCore Energy by 37.7% during the first quarter. Sanctuary Advisors LLC now owns 24,138 shares of the company's stock worth $43,000 after purchasing an additional 6,608 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of enCore Energy by 154.5% in the 1st quarter. Royal Bank of Canada now owns 31,744 shares of the company's stock worth $57,000 after purchasing an additional 19,269 shares in the last quarter. Finally, Rathbones Group PLC purchased a new position in shares of enCore Energy in the 1st quarter worth about $63,000. 20.86% of the stock is owned by institutional investors.

enCore Energy Company Profile

enCore Energy Corp. is a uranium exploration, development and production company focused on advancing domestic uranium resources in the United States. The company uses in-situ recovery (ISR) technology, which extracts uranium from suitable underground formations by circulating a solution through the deposit and processing the resulting uranium-bearing fluids at a recovery plant.

enCore's portfolio includes uranium projects and production facilities in South Texas, including the Alta Mesa and Rosita projects.

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