Insider Selling: enCore Energy (NASDAQ:EU) Director Sells 20,000 Shares of Stock

Key Points

• Dennis Stover, a director at enCore Energy, sold 20,000 shares for $66,600 on October 7, resulting in a 3.93% decrease in his stock holdings.
• enCore Energy has reported a negative earnings per share of $0.07 and a revenue of $3.66 million for the last quarter.
• Analysts have mixed ratings on enCore Energy, with a current average rating of "Moderate Buy" and a target price of $4.00.

enCore Energy Corp. (NASDAQ:EU - Get Free Report) Director Dennis Stover sold 20,000 shares of enCore Energy stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $3.33, for a total transaction of $66,600.00. Following the completion of the transaction, the director owned 488,500 shares of the company's stock, valued at $1,626,705. The trade was a 3.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

enCore Energy Price Performance

Shares of EU traded down $0.05 during trading hours on Thursday, hitting $3.42. The company's stock had a trading volume of 3,177,570 shares, compared to its average volume of 2,900,343. The company has a market cap of $639.88 million, a price-to-earnings ratio of -9.77 and a beta of 1.98. The business has a 50 day simple moving average of $2.69 and a two-hundred day simple moving average of $2.25. enCore Energy Corp. has a 52-week low of $1.01 and a 52-week high of $4.44.

enCore Energy (NASDAQ:EU - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported ($0.07) earnings per share for the quarter. The business had revenue of $3.66 million during the quarter. enCore Energy had a negative return on equity of 19.23% and a negative net margin of 143.28%. Research analysts predict that enCore Energy Corp. will post -0.2 earnings per share for the current year.

Institutional Investors Weigh In On enCore Energy

A number of hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. bought a new stake in shares of enCore Energy in the 2nd quarter worth approximately $29,000. Tower Research Capital LLC TRC lifted its holdings in shares of enCore Energy by 88.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 16,105 shares of the company's stock worth $46,000 after acquiring an additional 7,540 shares during the last quarter. Vident Advisory LLC lifted its holdings in shares of enCore Energy by 32.9% in the 2nd quarter. Vident Advisory LLC now owns 3,172,762 shares of the company's stock worth $9,045,000 after acquiring an additional 785,568 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of enCore Energy by 25.1% in the 2nd quarter. Raymond James Financial Inc. now owns 19,968 shares of the company's stock worth $57,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Main Street Financial Solutions LLC bought a new stake in shares of enCore Energy in the 2nd quarter worth approximately $87,000. 20.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EU shares. B. Riley started coverage on shares of enCore Energy in a research note on Wednesday, July 23rd. They issued a "buy" rating and a $4.00 target price for the company. Zacks Research raised shares of enCore Energy to a "hold" rating in a research note on Tuesday, August 12th. Wall Street Zen raised shares of enCore Energy from a "sell" rating to a "hold" rating in a research note on Monday, September 22nd. HC Wainwright boosted their price objective on shares of enCore Energy from $2.75 to $4.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of enCore Energy in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $4.00.

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.

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