enCore Energy Corp. (NASDAQ:EU) Director William M. Sheriff Sells 24,000 Shares

enCore Energy Corp. (NASDAQ:EU) Director William M. Sheriff sold 24,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 2,144,055 shares of the company’s stock, valued at $7,611,395.25. The trade was a 1.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

enCore Energy Trading Down 3.4 %

NASDAQ EU opened at $3.37 on Friday. The stock has a 50-day moving average of $3.57 and a 200-day moving average of $3.73. enCore Energy Corp. has a 1-year low of $3.02 and a 1-year high of $5.05. The firm has a market cap of $627.21 million, a PE ratio of -12.04 and a beta of 0.14.

Wall Street Analysts Forecast Growth

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

Institutional Trading of enCore Energy

Several hedge funds and other institutional investors have recently bought and sold shares of EU. Rathbones Group PLC purchased a new position in shares of enCore Energy in the second quarter worth $39,000. Xponance Inc. bought a new position in shares of enCore Energy during the second quarter valued at about $43,000. Sei Investments Co. purchased a new stake in shares of enCore Energy during the second quarter worth about $46,000. Franklin Resources Inc. bought a new stake in shares of enCore Energy in the third quarter worth about $60,000. Finally, Principal Financial Group Inc. increased its holdings 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 purchasing an additional 3,652 shares during the period. Institutional investors own 20.86% of the company’s stock.

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.