Mark Pelizza Acquires 99,182 Shares of enCore Energy (NASDAQ:EU) Stock

enCore Energy Corp. (NASDAQ:EU) Director Mark Pelizza purchased 99,182 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $1.37 per share, for a total transaction of $135,879.34. Following the completion of the purchase, the director directly owned 237,515 shares of the company’s stock, valued at $325,395.55. The trade was a 71.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

enCore Energy Trading Up 13.2%

EU stock traded up $0.18 during midday trading on Monday, reaching $1.54. The company’s stock had a trading volume of 4,770,338 shares, compared to its average volume of 3,032,560. enCore Energy Corp. has a 52 week low of $1.26 and a 52 week high of $4.19. The stock has a market cap of $299.15 million, a PE ratio of -10.27 and a beta of 2.01. The company has a quick ratio of 10.25, a current ratio of 11.08 and a debt-to-equity ratio of 0.39. The business’s 50-day simple moving average is $1.72 and its 200-day simple moving average is $2.27.

enCore Energy (NASDAQ:EU) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). enCore Energy had a negative net margin of 62.96% and a negative return on equity of 21.98%. The business had revenue of $18.30 million during the quarter, compared to the consensus estimate of $9.30 million. As a group, sell-side analysts expect that enCore Energy Corp. will post -0.32 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EU shares. Weiss Ratings cut shares of enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, June 8th. Wall Street Zen raised shares of enCore Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Northland Securities set a $3.75 price objective on shares of enCore Energy in a research note on Monday, May 18th. Finally, HC Wainwright reduced their price objective on shares of enCore Energy from $4.00 to $3.75 and set a “buy” rating on the stock in a research note on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $3.83.

Institutional Investors Weigh In On enCore Energy

Several hedge funds have recently bought and sold shares of EU. Van ECK Associates Corp raised its holdings in enCore Energy by 76.7% in the third quarter. Van ECK Associates Corp now owns 15,972,156 shares of the company’s stock worth $51,271,000 after purchasing an additional 6,933,454 shares during the period. Nomura Holdings Inc. acquired a new stake in enCore Energy in the third quarter worth $4,590,000. Two Sigma Investments LP acquired a new stake in enCore Energy in the third quarter worth $3,804,000. GeoSphere Capital Management LLC raised its holdings in enCore Energy by 333.3% in the fourth quarter. GeoSphere Capital Management LLC now owns 1,300,000 shares of the company’s stock worth $3,224,000 after purchasing an additional 1,000,000 shares during the period. Finally, Pacer Advisors Inc. acquired a new stake in enCore Energy in the fourth quarter worth $2,379,000. 20.86% of the stock is currently owned by institutional investors and hedge funds.

About enCore Energy

enCore Energy Inc is a U.S.-based uranium exploration and development company focused on deploying in-situ recovery (ISR) technology to bring domestic uranium projects into production. The company’s operations are centered on the Nichols Ranch ISR facility in Wyoming, which represents enCore’s flagship asset and its nearest-term production opportunity. Through ISR methods, enCore seeks to extract uranium with lower environmental impact and capital requirements relative to conventional mining.

In addition to Nichols Ranch, enCore holds a diversified portfolio of uranium properties in the western United States, including the Roca Honda project in New Mexico and several ISR-amenable projects in the Texas and Oklahoma regions.