Regal Partners Ltd Buys Shares of 231,924 enCore Energy Corp. (NASDAQ:EU)

Regal Partners Ltd bought a new position in shares of enCore Energy Corp. (NASDAQ:EU - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 231,924 shares of the company's stock, valued at approximately $791,000. Regal Partners Ltd owned 0.12% of enCore Energy as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EU. Savant Capital LLC bought a new stake in enCore Energy during the fourth quarter worth $36,000. Raymond James Financial Inc. purchased a new stake in enCore Energy during the fourth quarter worth about $38,000. Shakespeare Wealth Management LLC purchased a new position in enCore Energy in the fourth quarter valued at about $52,000. LPL Financial LLC bought a new position in shares of enCore Energy during the 4th quarter valued at approximately $56,000. Finally, Cibc World Markets Corp purchased a new stake in shares of enCore Energy during the 4th quarter worth approximately $58,000. 20.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, HC Wainwright lowered their target price on enCore Energy from $7.00 to $2.75 and set a "buy" rating on the stock in a research note on Tuesday, March 18th.

enCore Energy Price Performance

Shares of enCore Energy stock traded up $0.06 during trading hours on Friday, reaching $1.61. The company had a trading volume of 2,225,738 shares, compared to its average volume of 1,520,962. enCore Energy Corp. has a one year low of $1.01 and a one year high of $5.05. The firm has a market cap of $300.56 million, a PE ratio of -5.75 and a beta of 1.19. The business has a fifty day simple moving average of $1.50 and a 200 day simple moving average of $2.79.

enCore Energy (NASDAQ:EU - Get Free Report) last posted its quarterly earnings data on Monday, March 3rd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The company had revenue of $13.36 million during the quarter, compared to the consensus estimate of $14.30 million. On average, research analysts forecast that enCore Energy Corp. will post -0.2 EPS for the current year.

Insider Activity

In other enCore Energy news, Chairman William M. Sheriff acquired 40,000 shares of the business's stock in a transaction dated Thursday, April 3rd. The shares were purchased at an average cost of $1.21 per share, for a total transaction of $48,400.00. Following the transaction, the chairman now owns 2,310,055 shares in the company, valued at $2,795,166.55. This represents a 1.76 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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.