enCore Energy (NASDAQ:EU) Trading Down 4.3%

Shares of enCore Energy Corp. (NASDAQ:EU - Get Free Report) were down 4.3% on Tuesday . The company traded as low as $4.01 and last traded at $4.04. Approximately 267,356 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 1,292,450 shares. The stock had previously closed at $4.22.

Analysts Set New Price Targets

Separately, B. Riley began coverage on enCore Energy in a research report on Friday, February 2nd. They issued a "buy" rating and a $6.00 price target for the company.

enCore Energy Price Performance

The company has a current ratio of 4.04, a quick ratio of 4.03 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average price of $4.26. The company has a market cap of $754.37 million, a price-to-earnings ratio of -26.31 and a beta of -0.04.

enCore Energy (NASDAQ:EU - Get Free Report) last released its earnings results on Thursday, March 28th. The company reported ($0.09) earnings per share (EPS) for the quarter. On average, equities analysts forecast that enCore Energy Corp. will post 0.17 earnings per share for the current fiscal year.

Institutional Trading of enCore Energy

Several institutional investors have recently made changes to their positions in EU. Tower Research Capital LLC TRC grew its holdings in enCore Energy by 1,327.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 30,015 shares of the company's stock valued at $118,000 after buying an additional 27,912 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in enCore Energy by 12.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,631 shares of the company's stock valued at $148,000 after buying an additional 4,227 shares in the last quarter. Paradice Investment Management LLC purchased a new position in enCore Energy during the 4th quarter valued at approximately $239,000. Royal Bank of Canada grew its holdings in enCore Energy by 109.9% during the 4th quarter. Royal Bank of Canada now owns 61,229 shares of the company's stock valued at $241,000 after buying an additional 32,052 shares in the last quarter. Finally, Numerai GP LLC purchased a new position in enCore Energy during the 4th quarter valued at approximately $262,000. Hedge funds and other institutional investors own 20.86% of the company's stock.

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.