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 firm’s 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 completion of the sale, the director now directly 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 at this link.

enCore Energy Trading Down 3.4 %

Shares of enCore Energy stock opened at $3.37 on Friday. The business has a fifty day simple moving average of $3.57 and a two-hundred day simple moving average of $3.73. The firm has a market capitalization of $627.21 million, a P/E ratio of -12.04 and a beta of 0.14. enCore Energy Corp. has a 12 month low of $3.02 and a 12 month high of $5.05.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its stake in shares of enCore Energy by 22.9% during the second quarter. Bank of New York Mellon Corp now owns 515,641 shares of the company’s stock valued at $2,032,000 after purchasing an additional 95,925 shares in the last quarter. Principal Financial Group Inc. increased its position in enCore Energy by 19.6% during the 2nd quarter. Principal Financial Group Inc. now owns 22,317 shares of the company’s stock valued at $88,000 after buying an additional 3,652 shares in the last quarter. Rhumbline Advisers raised its stake in enCore Energy by 7.1% during the second quarter. Rhumbline Advisers now owns 260,172 shares of the company’s stock valued at $1,025,000 after buying an additional 17,191 shares during the last quarter. American Century Companies Inc. bought a new stake in enCore Energy in the second quarter worth $179,000. Finally, Rathbones Group PLC bought a new position in shares of enCore Energy during the second quarter valued at $39,000. 20.86% of the stock is 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.