enCore Energy Target of Unusually High Options Trading (NASDAQ:EU)

enCore Energy Corp. (NASDAQ:EU) was the recipient of unusually large options trading on Thursday. Stock traders purchased 85,579 call options on the company. This represents an increase of 917% compared to the average volume of 8,417 call options.

Analysts Set New Price Targets

EU has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of enCore Energy in a research report on Wednesday, October 8th. Northland Securities started coverage on shares of enCore Energy in a report on Tuesday, January 6th. They set an “outperform” rating and a $3.50 target price for the company. Wall Street Zen cut shares of enCore Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Finally, Northland Capmk raised shares of enCore Energy to a “strong-buy” rating in a research report on Tuesday, January 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $3.83.

Insider Activity at enCore Energy

In related news, insider William M. Sheriff sold 10,000 shares of the company’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $2.81, for a total transaction of $28,100.00. Following the completion of the sale, the insider owned 2,876 shares in the company, valued at approximately $8,081.56. This represents a 77.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 74,500 shares of company stock valued at $188,510 over the last three months. Insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bogart Wealth LLC purchased a new stake in enCore Energy during the 3rd quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd grew its stake in enCore Energy by 192.6% during the third quarter. Caitong International Asset Management Co. Ltd now owns 8,137 shares of the company’s stock valued at $26,000 after acquiring an additional 5,356 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in enCore Energy by 222.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,405 shares of the company’s stock worth $27,000 after purchasing an additional 5,797 shares in the last quarter. Ballentine Partners LLC purchased a new position in shares of enCore Energy during the second quarter valued at about $29,000. Finally, Osaic Holdings Inc. bought a new stake in shares of enCore Energy in the second quarter worth about $29,000. 20.86% of the stock is currently owned by institutional investors.

enCore Energy Price Performance

Shares of EU stock traded down $0.03 on Thursday, hitting $3.01. 2,434,277 shares of the stock traded hands, compared to its average volume of 2,759,846. The company has a debt-to-equity ratio of 0.39, a current ratio of 13.64 and a quick ratio of 12.48. enCore Energy has a 52 week low of $1.01 and a 52 week high of $4.18. The firm has a 50 day simple moving average of $2.65 and a two-hundred day simple moving average of $2.77. The firm has a market cap of $562.84 million, a price-to-earnings ratio of -10.77 and a beta of 2.04.

enCore Energy (NASDAQ:EU) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $8.88 million during the quarter. enCore Energy had a negative return on equity of 19.83% and a negative net margin of 118.78%. As a group, equities research analysts predict that enCore Energy will post -0.2 earnings per share for the current fiscal year.

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.