Insider Buying: enCore Energy (NASDAQ:EU) CEO Buys $10,600.00 in Stock

Key Points

• CEO Richard Little purchased 10,000 enCore Energy shares at an average price of $1.06, investing $10,600 and increasing his stake by 20% to 60,000 shares.
• enCore Energy reported quarterly revenue of $15.7 million but posted an adjusted loss of $0.21 per share, missing analyst expectations of a $0.10 loss.
• Analyst sentiment is mixed: the stock carries a consensus “Hold” rating with a $2.90 target price, while institutional investors own 20.86% of shares.

enCore Energy Corp. (NASDAQ:EU - Get Free Report) CEO Richard Little acquired 10,000 shares of the business's stock in a transaction on Monday, September 21st. The stock was acquired at an average price of $1.06 per share, with a total value of $10,600.00. Following the transaction, the chief executive officer owned 60,000 shares in the company, valued at approximately $63,600. The trade was a 20.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

enCore Energy Stock Up 17.2%

Shares of NASDAQ:EU opened at $1.05 on Tuesday. enCore Energy Corp. has a 12 month low of $0.77 and a 12 month high of $4.18. The firm has a market cap of $203.99 million, a P/E ratio of -3.18 and a beta of 2.13. The company has a quick ratio of 6.84, a current ratio of 8.00 and a debt-to-equity ratio of 0.45. The company's 50-day moving average price is $1.17 and its two-hundred day moving average price is $1.51.

enCore Energy (NASDAQ:EU - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $15.70 million during the quarter. As a group, research analysts forecast that enCore Energy Corp. will post -0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On enCore Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tidal Investments LLC acquired a new position in enCore Energy during the second quarter worth $2,755,000. Bank of New York Mellon Corp bought a new position in shares of enCore Energy in the 2nd quarter valued at about $725,000. Hennion & Walsh Asset Management Inc. increased its stake in shares of enCore Energy by 90.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 236,373 shares of the company's stock worth $310,000 after purchasing an additional 112,130 shares during the last quarter. Rathbones Group PLC bought a new stake in shares of enCore Energy in the 1st quarter valued at about $63,000. Finally, J. Derek Lewis & Associates Inc. lifted its stake in enCore Energy by 82.8% in the 1st quarter. J. Derek Lewis & Associates Inc. now owns 53,000 shares of the company's stock valued at $95,000 after purchasing an additional 24,000 shares during the last quarter. Institutional investors own 20.86% of the company's stock.

Analyst Ratings Changes

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

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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