Fourth Sail Capital LP Takes $5.52 Million Position in enCore Energy Corp. (NASDAQ:EU)

Fourth Sail Capital LP bought a new position in shares of enCore Energy Corp. (NASDAQ:EU - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,404,307 shares of the company's stock, valued at approximately $5,519,000. enCore Energy comprises approximately 1.7% of Fourth Sail Capital LP's investment portfolio, making the stock its 17th biggest position. Fourth Sail Capital LP owned approximately 0.85% of enCore Energy as of its most recent SEC filing.

Separately, HTLF Bank acquired a new position in shares of enCore Energy during the 4th quarter worth approximately $983,000. 20.86% of the stock is owned by hedge funds and other institutional investors.

enCore Energy Stock Up 7.7 %

Shares of enCore Energy stock traded up $0.34 during trading on Wednesday, reaching $4.75. The company's stock had a trading volume of 1,952,324 shares, compared to its average volume of 1,255,462. enCore Energy Corp. has a 52 week low of $1.93 and a 52 week high of $4.99. The firm has a market capitalization of $861.41 million, a price-to-earnings ratio of -29.75 and a beta of -0.03. The firm's 50-day moving average price is $4.22. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.03 and a current ratio of 4.04.

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

Analyst Upgrades and Downgrades

Separately, B. Riley began 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 for the company.

enCore Energy 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.

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