enCore Energy (NASDAQ:EU) Shares Down 3.7% – What’s Next?

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

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 research note on Tuesday, November 19th.

enCore Energy Stock Performance

The stock has a market capitalization of $659.80 million, a price-to-earnings ratio of -12.66 and a beta of 0.14. The company has a fifty day simple moving average of $3.52 and a two-hundred day simple moving average of $3.69.

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 dated Thursday, January 2nd. The stock was sold at an average price of $3.55, for a total value of $85,200.00. Following the completion of the transaction, the director now owns 2,144,055 shares of the company’s stock, valued at $7,611,395.25. This represents a 1.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Investors Weigh In On enCore Energy

A number of institutional investors have recently made changes to their positions in EU. Xponance Inc. bought a new stake in shares of enCore Energy in the 2nd quarter valued at about $43,000. Sei Investments Co. bought a new stake in shares of enCore Energy during the 2nd quarter valued at about $46,000. Franklin Resources Inc. bought a new stake in shares of enCore Energy during the 3rd quarter valued at about $60,000. Verition Fund Management LLC bought a new stake in shares of enCore Energy during the 3rd quarter valued at about $96,000. Finally, Intech Investment Management LLC bought a new stake in shares of enCore Energy during the 3rd quarter valued at about $110,000. 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.