enCore Energy Corp. (NASDAQ:EU) Chairman William M. Sheriff Buys 40,000 Shares of Stock

enCore Energy Corp. (NASDAQ:EU) Chairman William M. Sheriff purchased 40,000 shares of the business’s stock in a transaction on Thursday, April 3rd. The shares were acquired at an average price of $1.21 per share, with a total value of $48,400.00. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

enCore Energy Stock Down 0.8 %

Shares of enCore Energy stock opened at $1.18 on Wednesday. enCore Energy Corp. has a 12-month low of $1.01 and a 12-month high of $5.05. The stock has a market capitalization of $219.94 million, a P/E ratio of -4.21 and a beta of 1.27. The company has a 50-day simple moving average of $2.07 and a 200 day simple moving average of $3.14.

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

Analysts Set New Price Targets

Separately, HC Wainwright cut their target price on enCore Energy from $7.00 to $2.75 and set a “buy” rating for the company in a research report on Tuesday, March 18th.

Hedge Funds Weigh In On enCore Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of enCore Energy by 1.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,702,287 shares of the company’s stock worth $42,839,000 after purchasing an additional 165,082 shares in the last quarter. Azarias Capital Management L.P. lifted its holdings in enCore Energy by 6.8% during the 4th quarter. Azarias Capital Management L.P. now owns 5,346,013 shares of the company’s stock worth $18,230,000 after buying an additional 342,657 shares in the last quarter. Van ECK Associates Corp lifted its holdings in enCore Energy by 79.8% during the 4th quarter. Van ECK Associates Corp now owns 4,378,073 shares of the company’s stock worth $14,929,000 after buying an additional 1,943,731 shares in the last quarter. Invesco Ltd. boosted its position in enCore Energy by 3.9% in the 4th quarter. Invesco Ltd. now owns 3,873,993 shares of the company’s stock valued at $13,210,000 after buying an additional 145,459 shares during the last quarter. Finally, State Street Corp increased its stake in shares of enCore Energy by 3.5% in the 3rd quarter. State Street Corp now owns 3,085,686 shares of the company’s stock valued at $12,466,000 after buying an additional 105,685 shares during the period. Institutional investors and hedge funds 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.