enCore Energy (NASDAQ:EU) Chairman Buys 100,000 Shares of Stock

Key Points

• Chairman William Sheriff purchased 100,000 enCore Energy shares at an average price of $0.84, investing $84,000 and increasing his ownership by 7.08% to 1,512,169 shares.
• enCore Energy shares recently traded at $0.88, near their one-year low of $0.77, while the company reported a quarterly loss of $0.21 per share—worse than the $0.10 consensus estimate—and $15.7 million in revenue.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $2.90; institutional investors own approximately 20.86% of the company.

enCore Energy Corp. (NASDAQ:EU - Get Free Report) Chairman William Sheriff purchased 100,000 shares of the business's stock in a transaction dated Monday, September 14th. The shares were purchased at an average cost of $0.84 per share, with a total value of $84,000.00. Following the acquisition, the chairman owned 1,512,169 shares in the company, valued at $1,270,221.96. This trade represents a 7.08% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

enCore Energy Price Performance

Shares of NASDAQ EU traded down $0.05 during trading hours on Wednesday, hitting $0.88. 4,897,761 shares of the stock were exchanged, compared to its average volume of 3,459,134. The company's fifty day simple moving average is $1.20 and its two-hundred day simple moving average is $1.55. The company has a market cap of $170.17 million, a PE ratio of -2.65 and a beta of 2.13. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.84 and a current ratio of 8.00. enCore Energy Corp. has a 1-year low of $0.77 and a 1-year high of $4.18.

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EU. Azarias Capital Management L.P. grew its position in enCore Energy by 22.6% during the 1st quarter. Azarias Capital Management L.P. now owns 5,067,708 shares of the company's stock worth $9,122,000 after acquiring an additional 934,857 shares during the last quarter. Tidal Investments LLC bought a new position in enCore Energy in the second quarter valued at about $2,755,000. Goehring & Rozencwajg Associates LLC raised its position in enCore Energy by 19.3% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 1,464,724 shares of the company's stock valued at $2,637,000 after purchasing an additional 237,469 shares during the last quarter. GeoSphere Capital Management LLC boosted its stake in shares of enCore Energy by 333.3% during the fourth quarter. GeoSphere Capital Management LLC now owns 1,300,000 shares of the company's stock valued at $3,224,000 after purchasing an additional 1,000,000 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in shares of enCore Energy during the fourth quarter valued at about $2,379,000. 20.86% of the stock is currently 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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