enCore Energy (NASDAQ:EU) Shares Gap Up to $3.66

enCore Energy Corp. (NASDAQ:EU)’s share price gapped up before the market opened on Monday . The stock had previously closed at $3.66, but opened at $3.74. enCore Energy shares last traded at $3.66, with a volume of 63,555 shares.

Analyst Upgrades and Downgrades

EU has been the topic of several recent analyst reports. Ventum Cap Mkts upgraded enCore Energy to a “strong-buy” rating in a report on Thursday, August 22nd. HC Wainwright reduced their target price on enCore Energy from $7.50 to $7.00 and set a “buy” rating on the stock in a report on Thursday, August 15th.

enCore Energy Price Performance

The firm has a 50-day moving average price of $3.63 and a 200 day moving average price of $4.08. The company has a market cap of $669.39 million, a price-to-earnings ratio of -28.15 and a beta of -0.03.

enCore Energy (NASDAQ:EU) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The company had revenue of $5.32 million during the quarter, compared to analyst estimates of $13.10 million. On average, equities analysts anticipate that enCore Energy Corp. will post -0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rathbones Group PLC acquired a new position in enCore Energy during the 2nd quarter worth about $39,000. Xponance Inc. bought a new position in shares of enCore Energy in the 2nd quarter worth about $43,000. Sei Investments Co. bought a new position in shares of enCore Energy in the 2nd quarter worth about $46,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of enCore Energy in the 1st quarter worth about $83,000. Finally, Virtu Financial LLC bought a new position in shares of enCore Energy in the 1st quarter worth about $84,000. 20.86% of the stock is owned by institutional investors and hedge funds.

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.