William M. Sheriff Purchases 40,000 Shares of enCore Energy Corp. (NASDAQ:EU) Stock

enCore Energy Corp. (NASDAQ:EU - Get Free Report) Chairman William M. Sheriff bought 40,000 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average price of $1.21 per share, with a total value of $48,400.00. Following the completion of the transaction, the chairman now directly owns 2,310,055 shares of the company's stock, valued at $2,795,166.55. This trade represents a 1.76 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

enCore Energy Price Performance

EU stock traded up $0.14 during midday trading on Friday, hitting $1.35. 1,866,710 shares of the stock traded hands, compared to its average volume of 1,479,364. enCore Energy Corp. has a 1-year low of $1.01 and a 1-year high of $5.05. The stock's fifty day simple moving average is $1.91 and its 200-day simple moving average is $3.06. The firm has a market cap of $251.62 million, a P/E ratio of -4.82 and a beta of 1.27.

enCore Energy (NASDAQ:EU - Get Free Report) last posted its earnings results on Monday, March 3rd. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.07). The firm had revenue of $13.36 million during the quarter, compared to analysts' expectations of $14.30 million. On average, research analysts predict that enCore Energy Corp. will post -0.2 earnings per share for the current year.

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Wall Street Analyst Weigh In

Separately, HC Wainwright reduced their price target on enCore Energy from $7.00 to $2.75 and set a "buy" rating for the company in a research report on Tuesday, March 18th.

Institutional Trading of enCore Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP acquired a new stake in shares of enCore Energy in the fourth quarter valued at about $69,000. AWM Investment Company Inc. lifted its stake in enCore Energy by 118.1% in the 4th quarter. AWM Investment Company Inc. now owns 1,297,619 shares of the company's stock valued at $4,425,000 after buying an additional 702,619 shares in the last quarter. ProShare Advisors LLC boosted its holdings in enCore Energy by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 51,134 shares of the company's stock worth $174,000 after buying an additional 16,823 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in enCore Energy by 1.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,702,287 shares of the company's stock worth $42,839,000 after buying an additional 165,082 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of enCore Energy by 57.6% during the fourth quarter. Deutsche Bank AG now owns 155,897 shares of the company's stock valued at $532,000 after acquiring an additional 56,957 shares during the last quarter. 20.86% of the stock is currently 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.