Azarias Capital Management L.P. Has $18.23 Million Stake in enCore Energy Corp. (NASDAQ:EU)

Azarias Capital Management L.P. increased its position in shares of enCore Energy Corp. (NASDAQ:EU) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,346,013 shares of the company’s stock after purchasing an additional 342,657 shares during the period. enCore Energy comprises about 8.2% of Azarias Capital Management L.P.’s investment portfolio, making the stock its 2nd largest position. Azarias Capital Management L.P.’s holdings in enCore Energy were worth $18,230,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Van ECK Associates Corp increased its stake in enCore Energy by 79.8% in the fourth quarter. Van ECK Associates Corp now owns 4,378,073 shares of the company’s stock valued at $14,929,000 after acquiring an additional 1,943,731 shares during the period. Savant Capital LLC acquired a new stake in enCore Energy during the fourth quarter valued at approximately $36,000. SG Americas Securities LLC grew its stake in shares of enCore Energy by 10.2% in the 4th quarter. SG Americas Securities LLC now owns 113,517 shares of the company’s stock valued at $387,000 after purchasing an additional 10,469 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of enCore Energy by 6.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 81,173 shares of the company’s stock worth $328,000 after buying an additional 5,067 shares in the last quarter. Finally, Franklin Resources Inc. bought a new position in shares of enCore Energy during the 3rd quarter worth approximately $60,000. 20.86% of the stock is currently owned by institutional investors and hedge funds.

enCore Energy Price Performance

Shares of EU stock opened at $2.90 on Thursday. enCore Energy Corp. has a 12-month low of $2.82 and a 12-month high of $5.05. The firm has a 50-day moving average price of $3.35 and a 200 day moving average price of $3.60.

Insider Transactions at enCore Energy

In other enCore Energy news, Chairman William M. Sheriff sold 24,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $3.20, for a total value of $76,800.00. Following the transaction, the chairman now owns 2,120,055 shares of the company’s stock, valued at approximately $6,784,176. The trade was a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

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

enCore Energy 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.