enCore Energy Target of Unusually Large Options Trading (NASDAQ:EU)

enCore Energy Corp. (NASDAQ:EU) was the recipient of some unusual options trading activity on Tuesday. Stock investors acquired 3,577 call options on the stock. This is an increase of approximately 410% compared to the typical daily volume of 701 call options.

enCore Energy Stock Down 5.8 %

EU traded down $0.10 during midday trading on Tuesday, reaching $1.54. 702,894 shares of the company’s stock were exchanged, compared to its average volume of 1,389,949. enCore Energy has a one year low of $1.26 and a one year high of $5.05. The firm has a market capitalization of $285.91 million, a price-to-earnings ratio of -5.48 and a beta of 0.38. The business has a 50-day simple moving average of $2.57 and a two-hundred day simple moving average of $3.33.

enCore Energy (NASDAQ:EU) last announced its quarterly earnings results on Monday, March 3rd. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The company had revenue of $13.36 million during the quarter, compared to analyst estimates of $14.30 million. As a group, research analysts anticipate that enCore Energy will post -0.2 EPS for the current fiscal year.

Insider Activity at enCore Energy

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

Institutional Investors Weigh In On enCore Energy

Several large investors have recently made changes to their positions in the company. Savant Capital LLC acquired a new stake in enCore Energy during the 4th quarter valued at $36,000. Raymond James Financial Inc. acquired a new stake in shares of enCore Energy in the fourth quarter valued at $38,000. Franklin Resources Inc. bought a new position in shares of enCore Energy in the third quarter valued at about $60,000. Shakespeare Wealth Management LLC acquired a new position in enCore Energy during the 4th quarter worth about $52,000. Finally, LPL Financial LLC bought a new stake in enCore Energy during the 4th quarter worth about $56,000. Institutional investors own 20.86% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright dropped their price target on shares of enCore Energy from $7.00 to $2.75 and set a “buy” rating on the stock in a research report on Tuesday, March 18th.

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.