enCore Energy (NASDAQ:EU) Trading Down 4.6% – What’s Next?

enCore Energy Corp. (NASDAQ:EU) shares were down 4.6% during mid-day trading on Friday . The company traded as low as $3.51 and last traded at $3.53. Approximately 437,620 shares were traded during trading, a decline of 75% from the average daily volume of 1,774,027 shares. The stock had previously closed at $3.70.

Analysts Set New Price Targets

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

enCore Energy Trading Down 5.1 %

The business has a fifty day moving average of $3.61 and a 200-day moving average of $3.75. The company has a market cap of $653.26 million, a PE ratio of -12.54 and a beta of -0.04.

Institutional Trading of enCore Energy

Several large investors have recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in enCore Energy by 19.6% in the second quarter. Principal Financial Group Inc. now owns 22,317 shares of the company’s stock worth $88,000 after purchasing an additional 3,652 shares during the period. JPMorgan Chase & Co. grew its stake 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 during the last quarter. Arlington Capital Management Inc. increased its position in enCore Energy by 2.6% during the 3rd quarter. Arlington Capital Management Inc. now owns 222,035 shares of the company’s stock valued at $897,000 after buying an additional 5,655 shares in the last quarter. Rathbones Group PLC purchased a new position in enCore Energy during the second quarter valued at $39,000. Finally, Xponance Inc. bought a new stake in enCore Energy in the second quarter worth $43,000. 20.86% of the stock is owned by institutional investors.

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.