enCore Energy (NASDAQ:EU) Posts Earnings Results

enCore Energy (NASDAQ:EU) issued its quarterly earnings data on Monday. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07), Zacks reports.

enCore Energy Stock Performance

Shares of EU opened at $1.35 on Tuesday. The stock has a 50 day simple moving average of $3.18 and a 200 day simple moving average of $3.54. enCore Energy has a 52-week low of $1.26 and a 52-week high of $5.05. The firm has a market capitalization of $251.33 million, a PE ratio of -4.82 and a beta of 0.12.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at enCore Energy

In other news, Chairman William M. Sheriff sold 24,000 shares of enCore Energy stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.20, for a total value of $76,800.00. Following the completion of the transaction, the chairman now owns 2,120,055 shares of the company’s stock, valued at $6,784,176. This trade represents a 1.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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.