enCore Energy (NASDAQ:EU) Director Dennis Stover Sells 20,000 Shares of Stock

enCore Energy Corp. (NASDAQ:EU) Director Dennis Stover sold 20,000 shares of enCore Energy stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $3.33, for a total value of $66,600.00. Following the sale, the director directly owned 488,500 shares in the company, valued at approximately $1,626,705. The trade was a 3.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

enCore Energy Stock Performance

Shares of NASDAQ EU opened at $3.42 on Friday. enCore Energy Corp. has a 1 year low of $1.01 and a 1 year high of $4.44. The firm has a market cap of $639.88 million, a price-to-earnings ratio of -9.77 and a beta of 1.98. The stock’s 50-day simple moving average is $2.70 and its 200-day simple moving average is $2.26.

enCore Energy (NASDAQ:EU) last announced its earnings results on Monday, August 11th. The company reported ($0.07) earnings per share (EPS) for the quarter. enCore Energy had a negative return on equity of 19.23% and a negative net margin of 143.28%.The business had revenue of $3.66 million for the quarter. As a group, research analysts predict that enCore Energy Corp. will post -0.2 EPS for the current year.

Hedge Funds Weigh In On enCore Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. MMCAP International Inc. SPC boosted its stake in enCore Energy by 66.0% in the first quarter. MMCAP International Inc. SPC now owns 3,819,501 shares of the company’s stock valued at $5,232,000 after acquiring an additional 1,517,992 shares during the period. Vident Advisory LLC boosted its stake in enCore Energy by 32.9% in the second quarter. Vident Advisory LLC now owns 3,172,762 shares of the company’s stock valued at $9,045,000 after acquiring an additional 785,568 shares during the period. Geode Capital Management LLC boosted its stake in enCore Energy by 6.2% in the second quarter. Geode Capital Management LLC now owns 2,371,758 shares of the company’s stock valued at $6,783,000 after acquiring an additional 139,010 shares during the period. Boundary Creek Advisors LP acquired a new position in enCore Energy in the first quarter valued at approximately $2,898,000. Finally, Marshall Wace LLP boosted its stake in enCore Energy by 293.9% in the second quarter. Marshall Wace LLP now owns 1,262,065 shares of the company’s stock valued at $3,610,000 after acquiring an additional 941,691 shares during the period. 20.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on EU shares. Weiss Ratings reissued a “sell (d-)” rating on shares of enCore Energy in a report on Wednesday. Zacks Research raised enCore Energy to a “hold” rating in a report on Tuesday, August 12th. HC Wainwright boosted their price objective on enCore Energy from $2.75 to $4.00 and gave the company a “buy” rating in a report on Tuesday, August 12th. Wall Street Zen raised enCore Energy from a “sell” rating to a “hold” rating in a report on Monday, September 22nd. Finally, B. Riley started coverage on enCore Energy in a report on Wednesday, July 23rd. They issued a “buy” rating and a $4.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $4.00.

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.