enCore Energy (NASDAQ:EU) Shares Gap Up – Still a Buy?

Shares of enCore Energy Corp. (NASDAQ:EU) gapped up prior to trading on Thursday . The stock had previously closed at $3.31, but opened at $3.45. enCore Energy shares last traded at $3.49, with a volume of 423,073 shares traded.

Analyst Ratings Changes

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

enCore Energy Trading Up 4.7 %

The company has a market cap of $644.72 million, a P/E ratio of -12.34 and a beta of 0.14. The business has a 50 day moving average price of $3.48 and a 200-day moving average price of $3.66.

Insider Transactions at enCore Energy

In related news, Director William M. Sheriff sold 24,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $3.55, for a total transaction of $85,200.00. Following the transaction, the director now directly owns 2,144,055 shares of the company’s stock, valued at approximately $7,611,395.25. This trade represents a 1.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Trading of enCore Energy

Several large investors have recently modified their holdings of EU. Verition Fund Management LLC acquired a new stake in shares of enCore Energy in the 3rd quarter valued at $96,000. Franklin Resources Inc. acquired a new position in enCore Energy during the 3rd quarter worth approximately $60,000. Geode Capital Management LLC lifted its stake in enCore Energy by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,203,139 shares of the company’s stock valued at $8,901,000 after purchasing an additional 24,786 shares during the last quarter. Van ECK Associates Corp boosted its position in enCore Energy by 89.3% in the third quarter. Van ECK Associates Corp now owns 2,434,342 shares of the company’s stock valued at $9,762,000 after buying an additional 1,148,056 shares in the last quarter. Finally, National Bank of Canada FI bought a new stake in shares of enCore Energy during the third quarter worth $832,000. 20.86% of the stock is owned by institutional investors and hedge funds.

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.