enCore Energy (NASDAQ:EU) Stock Price Down 3.7% - Here's What Happened

enCore Energy Corp. (NASDAQ:EU - Get Free Report) shares traded down 3.7% during trading on Friday . The company traded as low as $3.56 and last traded at $3.52. 265,384 shares were traded during trading, a decline of 82% from the average session volume of 1,467,614 shares. The stock had previously closed at $3.65.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a "buy" rating and set a $7.00 price objective on shares of enCore Energy in a report on Tuesday, November 19th.

enCore Energy Stock Down 2.5 %

The business's 50-day simple moving average is $3.51 and its 200-day simple moving average is $3.69. The stock has a market cap of $662.59 million, a PE ratio of -12.71 and a beta of 0.14.

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 stock was sold at an average price of $3.55, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hedge Funds Weigh In On enCore Energy

A number of institutional investors and hedge funds have recently made changes to their positions in EU. American Century Companies Inc. purchased a new stake in enCore Energy during the 2nd quarter valued at $179,000. Sei Investments Co. purchased a new stake in shares of enCore Energy during the second quarter valued at $46,000. Xponance Inc. purchased a new position in enCore Energy in the 2nd quarter worth about $43,000. Squarepoint Ops LLC lifted its stake in enCore Energy by 43.3% during the 2nd quarter. Squarepoint Ops LLC now owns 123,603 shares of the company's stock valued at $487,000 after acquiring an additional 37,377 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of enCore Energy by 10.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 143,895 shares of the company's stock valued at $567,000 after acquiring an additional 13,908 shares during the last quarter. Institutional investors own 20.86% of the company's stock.

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.