enCore Energy Corp. (NASDAQ:EU - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $4.99 and last traded at $4.77, with a volume of 656119 shares trading hands. The stock had previously closed at $4.41.
Analyst Upgrades and Downgrades
Separately, B. Riley assumed coverage on shares of enCore Energy in a research note on Friday, February 2nd. They issued a "buy" rating and a $6.00 target price on the stock.
Read Our Latest Stock Analysis on EU
enCore Energy Price Performance
The company has a debt-to-equity ratio of 0.07, a current ratio of 4.04 and a quick ratio of 4.03. The firm's 50 day moving average is $4.22. The company has a market capitalization of $861.41 million, a price-to-earnings ratio of -29.75 and a beta of -0.03.
enCore Energy (NASDAQ:EU - Get Free Report) last announced its quarterly earnings data on Thursday, March 28th. The company reported ($0.09) earnings per share for the quarter. On average, research analysts anticipate that enCore Energy Corp. will post 0.17 EPS for the current fiscal year.
Institutional Investors Weigh In On enCore Energy
Hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in enCore Energy by 7.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,260,952 shares of the company's stock worth $32,640,000 after purchasing an additional 541,050 shares during the period. HTLF Bank bought a new stake in shares of enCore Energy during the fourth quarter worth $983,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of enCore Energy during the first quarter worth $83,000. Wealth Enhancement Advisory Services LLC increased its position in shares of enCore Energy by 54.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 125,833 shares of the company's stock worth $551,000 after acquiring an additional 44,312 shares in the last quarter. Finally, Van ECK Associates Corp bought a new stake in shares of enCore Energy during the first quarter worth $3,399,000. 20.86% of the stock is currently owned by institutional investors and hedge funds.
About enCore Energy
(
Get Free Report)
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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