enCore Energy (NASDAQ:EU) Trading Down 5.1% – What’s Next?

enCore Energy Corp. (NASDAQ:EU) was down 5.1% during mid-day trading on Tuesday . The company traded as low as $3.54 and last traded at $3.55. Approximately 905,157 shares traded hands during trading, a decline of 25% from the average daily volume of 1,208,657 shares. The stock had previously closed at $3.74.

Analyst Ratings Changes

EU has been the topic of a number of analyst reports. Ventum Cap Mkts upgraded shares of enCore Energy to a “strong-buy” rating in a report on Thursday, August 22nd. HC Wainwright reissued a “buy” rating and issued a $7.00 price objective on shares of enCore Energy in a research note on Tuesday, November 19th.

enCore Energy Stock Down 2.1 %

The company has a market capitalization of $681.09 million, a P/E ratio of -13.36 and a beta of -0.04. The business’s 50-day moving average is $3.95 and its two-hundred day moving average is $3.91.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EU. Vanguard Group Inc. raised its stake in shares of enCore Energy by 37.0% in the first quarter. Vanguard Group Inc. now owns 922,691 shares of the company’s stock valued at $4,041,000 after buying an additional 249,307 shares during the period. Van ECK Associates Corp lifted its holdings in enCore Energy by 89.3% during the third quarter. Van ECK Associates Corp now owns 2,434,342 shares of the company’s stock valued at $9,762,000 after purchasing an additional 1,148,056 shares during the last quarter. Azarias Capital Management L.P. boosted its position in enCore Energy by 28.1% during the second quarter. Azarias Capital Management L.P. now owns 4,814,976 shares of the company’s stock worth $20,590,000 after purchasing an additional 1,056,483 shares during the period. American Century Companies Inc. purchased a new position in shares of enCore Energy in the second quarter worth about $179,000. Finally, Tidal Investments LLC bought a new stake in shares of enCore Energy in the first quarter valued at approximately $120,000. 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.