enCore Energy (NASDAQ:EU) Trading 6.6% Higher

enCore Energy Corp. (NASDAQ:EU)’s share price traded up 6.6% during trading on Wednesday . The stock traded as high as $3.58 and last traded at $3.55. 265,795 shares were traded during mid-day trading, a decline of 78% from the average session volume of 1,203,851 shares. The stock had previously closed at $3.33.

Analyst Ratings Changes

EU has been the subject of several research reports. HC Wainwright reduced their price objective on shares of enCore Energy from $7.50 to $7.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. B. Riley restated a “buy” rating and issued a $6.00 price target on shares of enCore Energy in a research report on Wednesday, May 15th. Finally, Ventum Cap Mkts raised enCore Energy to a “strong-buy” rating in a research note on Thursday, August 22nd.

enCore Energy Trading Up 8.4 %

The company’s 50-day moving average is $3.65 and its 200 day moving average is $4.08. The firm has a market cap of $665.70 million, a PE ratio of -27.23 and a beta of -0.02.

enCore Energy (NASDAQ:EU) last released its earnings results on Wednesday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The firm had revenue of $5.32 million during the quarter, compared to the consensus estimate of $13.10 million. On average, research analysts predict that enCore Energy Corp. will post -0.11 EPS for the current fiscal year.

Institutional Trading of enCore Energy

A number of hedge funds have recently made changes to their positions in EU. Azarias Capital Management L.P. raised its stake in shares of enCore Energy by 232.0% during the 1st quarter. Azarias Capital Management L.P. now owns 3,758,493 shares of the company’s stock worth $18,013,000 after purchasing an additional 2,626,395 shares in the last quarter. Vanguard Group Inc. grew its position in enCore Energy by 37.0% in the first quarter. Vanguard Group Inc. now owns 922,691 shares of the company’s stock worth $4,041,000 after acquiring an additional 249,307 shares in the last quarter. Van ECK Associates Corp acquired a new position in shares of enCore Energy during the 1st quarter worth $3,399,000. Natixis bought a new position in shares of enCore Energy during the 1st quarter valued at $576,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of enCore Energy in the 1st quarter valued at $83,000. 20.86% of the stock is owned by hedge funds and other institutional investors.

About enCore Energy

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.