enCore Energy (NASDAQ:EU) Hits New 1-Year Low – Should You Sell?

Shares of enCore Energy Corp. (NASDAQ:EU) reached a new 52-week low during trading on Tuesday . The stock traded as low as $2.71 and last traded at $2.79, with a volume of 339556 shares trading hands. The stock had previously closed at $2.80.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and set a $7.00 target price on shares of enCore Energy in a report on Tuesday, November 19th.

enCore Energy Price Performance

The firm has a market cap of $523.00 million, a price-to-earnings ratio of -10.04 and a beta of 0.12. The stock’s fifty day moving average price is $3.29 and its 200-day moving average price is $3.57.

Insider Buying and Selling at enCore Energy

In other enCore Energy news, Director William M. Sheriff sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $3.55, for a total value of $85,200.00. Following the transaction, the director now owns 2,144,055 shares in the company, valued at approximately $7,611,395.25. This represents a 1.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Investors Weigh In On enCore Energy

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

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.