enCore Energy Corp. (NASDAQ:EU) Director Sells $85,200.00 in Stock

enCore Energy Corp. (NASDAQ:EU) Director William M. Sheriff sold 24,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $3.55, for a total transaction of $85,200.00. Following the sale, the director now owns 2,144,055 shares of the company’s stock, valued at approximately $7,611,395.25. This represents a 1.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

enCore Energy Stock Down 3.4 %

Shares of enCore Energy stock traded down $0.12 during trading on Friday, reaching $3.37. 1,513,516 shares of the stock were exchanged, compared to its average volume of 1,738,636. The stock’s fifty day moving average is $3.57 and its 200 day moving average is $3.73. The firm has a market cap of $627.21 million, a price-to-earnings ratio of -12.04 and a beta of 0.14. enCore Energy Corp. has a 1 year low of $3.02 and a 1 year high of $5.05.

Institutional Trading of enCore Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Verition Fund Management LLC purchased a new stake in enCore Energy in the third quarter worth about $96,000. Franklin Resources Inc. purchased a new stake in enCore Energy in the third quarter worth about $60,000. Geode Capital Management LLC lifted its holdings in enCore Energy by 1.1% in the third quarter. Geode Capital Management LLC now owns 2,203,139 shares of the company’s stock worth $8,901,000 after buying an additional 24,786 shares during the period. Van ECK Associates Corp lifted its holdings in enCore Energy by 89.3% in the third quarter. Van ECK Associates Corp now owns 2,434,342 shares of the company’s stock worth $9,762,000 after buying an additional 1,148,056 shares during the period. Finally, National Bank of Canada FI purchased a new stake in enCore Energy in the third quarter worth about $832,000. 20.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and set a $7.00 target price on shares of enCore Energy in a report on Tuesday, November 19th.

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.