MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Position in enCore Energy Corp. (NASDAQ:EU)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in enCore Energy Corp. (NASDAQ:EU - Free Report) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,702,287 shares of the company's stock after buying an additional 165,082 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 6.82% of enCore Energy worth $42,839,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Van ECK Associates Corp boosted its position in shares of enCore Energy by 79.8% in the 4th quarter. Van ECK Associates Corp now owns 4,378,073 shares of the company's stock valued at $14,929,000 after purchasing an additional 1,943,731 shares during the period. Yaupon Capital Management LP purchased a new stake in enCore Energy in the fourth quarter valued at approximately $3,415,000. MMCAP International Inc. SPC boosted its holdings in shares of enCore Energy by 64.2% in the fourth quarter. MMCAP International Inc. SPC now owns 2,301,509 shares of the company's stock valued at $7,848,000 after acquiring an additional 899,901 shares during the period. Azarias Capital Management L.P. boosted its holdings in shares of enCore Energy by 6.8% in the fourth quarter. Azarias Capital Management L.P. now owns 5,346,013 shares of the company's stock valued at $18,230,000 after acquiring an additional 342,657 shares during the period. Finally, Sprott Inc. grew its position in shares of enCore Energy by 893.0% during the fourth quarter. Sprott Inc. now owns 370,320 shares of the company's stock worth $1,263,000 after acquiring an additional 333,027 shares during the last quarter. 20.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

enCore Energy Price Performance

Shares of NASDAQ:EU traded down $0.07 on Monday, reaching $1.58. The company's stock had a trading volume of 377,907 shares, compared to its average volume of 1,547,448. enCore Energy Corp. has a 52-week low of $1.01 and a 52-week high of $4.96. The stock has a market capitalization of $294.03 million, a P/E ratio of -5.62 and a beta of 1.19. The stock's 50-day moving average is $1.46 and its two-hundred day moving average is $2.61.

enCore Energy (NASDAQ:EU - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.06). The business had revenue of $18.24 million during the quarter, compared to analysts' expectations of $15.10 million. Equities analysts forecast that enCore Energy Corp. will post -0.2 earnings per share for the current fiscal year.

Insider Activity

In other enCore Energy news, Chairman William M. Sheriff bought 40,000 shares of the company's stock in a transaction on Thursday, April 3rd. The shares were bought at an average price of $1.21 per share, for a total transaction of $48,400.00. Following the transaction, 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 legal filing with the SEC, which is accessible through this link.

enCore Energy Company 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.