Wayne Heili Acquires 35,000 Shares of enCore Energy (NASDAQ:EU) Stock

enCore Energy Corp. (NASDAQ:EU) Director Wayne Heili purchased 35,000 shares of enCore Energy stock in a transaction on Friday, June 12th. The shares were acquired at an average cost of $1.44 per share, with a total value of $50,400.00. Following the completion of the transaction, the director directly owned 35,000 shares in the company, valued at $50,400. The trade was a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

enCore Energy Stock Performance

EU opened at $1.62 on Thursday. enCore Energy Corp. has a 12-month low of $1.26 and a 12-month high of $4.19. The company has a current ratio of 11.08, a quick ratio of 10.25 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $314.69 million, a PE ratio of -10.80 and a beta of 2.00. The firm has a 50 day moving average of $1.70 and a two-hundred day moving average of $2.25.

enCore Energy (NASDAQ:EU) last posted its quarterly earnings results 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). The business had revenue of $18.30 million for the quarter, compared to analysts’ expectations of $9.30 million. enCore Energy had a negative return on equity of 21.98% and a negative net margin of 62.96%. On average, analysts anticipate that enCore Energy Corp. will post -0.32 EPS for the current year.

Hedge Funds Weigh In On enCore Energy

Institutional investors have recently made changes to their positions in the company. Rathbones Group PLC purchased a new position in shares of enCore Energy in the 1st quarter valued at about $63,000. J. Derek Lewis & Associates Inc. increased its stake in shares of enCore Energy by 82.8% in the 1st quarter. J. Derek Lewis & Associates Inc. now owns 53,000 shares of the company’s stock valued at $95,000 after purchasing an additional 24,000 shares in the last quarter. Royal Bank of Canada increased its stake in shares of enCore Energy by 154.5% in the 1st quarter. Royal Bank of Canada now owns 31,744 shares of the company’s stock valued at $57,000 after purchasing an additional 19,269 shares in the last quarter. Themes Management Co LLC increased its stake in shares of enCore Energy by 187.2% in the 1st quarter. Themes Management Co LLC now owns 246,624 shares of the company’s stock valued at $447,000 after purchasing an additional 160,765 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC increased its stake in shares of enCore Energy by 19.3% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 1,464,724 shares of the company’s stock valued at $2,637,000 after purchasing an additional 237,469 shares in the last quarter. 20.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

enCore Energy Company Profile

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.