Key Points
- Director Mark Pelizza bought 99,182 shares of enCore Energy at an average price of $1.37, increasing his ownership by 71.7% to 237,515 shares.
- enCore Energy shares were up 13.2% in trading, opening at $1.54, though the stock remains well below its 52-week high of $4.19.
- The company recently reported a loss of $0.09 per share, missing estimates, but it posted revenue of $18.3 million, well above analyst expectations of $9.3 million.
enCore Energy Corp. (NASDAQ:EU - Get Free Report) Director Mark Pelizza purchased 99,182 shares of the firm's stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average price of $1.37 per share, with a total value of $135,879.34. Following the purchase, the director owned 237,515 shares in the company, valued at $325,395.55. This trade represents a 71.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
enCore Energy Stock Up 13.2%
Shares of NASDAQ:EU opened at $1.54 on Tuesday. The stock has a market cap of $299.15 million, a P/E ratio of -10.27 and a beta of 2.01. The firm has a fifty day moving average price of $1.71 and a 200 day moving average price of $2.27. The company has a debt-to-equity ratio of 0.39, a current ratio of 11.08 and a quick ratio of 10.25. enCore Energy Corp. has a 1-year low of $1.26 and a 1-year high of $4.19.
enCore Energy (NASDAQ:EU - Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.09) earnings per share 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 analyst estimates of $9.30 million. enCore Energy had a negative return on equity of 21.98% and a negative net margin of 62.96%. Sell-side analysts predict that enCore Energy Corp. will post -0.32 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on EU shares. HC Wainwright decreased their price target on shares of enCore Energy from $4.00 to $3.75 and set a "buy" rating for the company in a research note on Friday, May 15th. Northland Securities set a $3.75 target price on shares of enCore Energy in a research note on Monday, May 18th. Wall Street Zen upgraded shares of enCore Energy from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $3.83.
Read Our Latest Stock Analysis on EU
Institutional Trading of enCore Energy
Hedge funds have recently made changes to their positions in the company. Brookstone Capital Management acquired a new stake in shares of enCore Energy in the 1st quarter worth $26,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of enCore Energy by 192.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 8,137 shares of the company's stock worth $26,000 after acquiring an additional 5,356 shares during the period. Osaic Holdings Inc. acquired a new stake in shares of enCore Energy in the 2nd quarter worth $29,000. Arax Advisory Partners lifted its stake in shares of enCore Energy by 898.7% in the 4th quarter. Arax Advisory Partners now owns 11,545 shares of the company's stock worth $29,000 after acquiring an additional 10,389 shares during the period. Finally, Laurion Capital Management LP purchased a new position in shares of enCore Energy in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 20.86% of the company's stock.
enCore Energy Company Profile
(
Get Free Report)
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.
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