enCore Energy Sees Unusually High Options Volume (NASDAQ:EU)

enCore Energy Corp. (NASDAQ:EU) was the recipient of unusually large options trading on Tuesday. Investors bought 3,577 call options on the stock. This is an increase of approximately 410% compared to the average volume of 701 call options.

enCore Energy Stock Down 4.9 %

Shares of NASDAQ EU opened at $1.55 on Wednesday. enCore Energy has a 52-week low of $1.26 and a 52-week high of $5.05. The stock has a market capitalization of $288.70 million, a price-to-earnings ratio of -5.54 and a beta of 0.38. The stock’s fifty day simple moving average is $2.54 and its 200 day simple moving average is $3.31.

enCore Energy (NASDAQ:EU) last announced its 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 business had revenue of $13.36 million for the quarter, compared to the consensus estimate of $14.30 million. As a group, analysts anticipate that enCore Energy will post -0.2 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, Director William M. Sheriff sold 24,000 shares of enCore Energy stock in a transaction dated Thursday, January 2nd. The stock was 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 $7,611,395.25. The trade was 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 at the SEC website.

Institutional Trading of enCore Energy

Hedge funds have recently modified their holdings of the business. Savant Capital LLC purchased a new position in enCore Energy during the fourth quarter valued at approximately $36,000. Raymond James Financial Inc. purchased a new position in shares of enCore Energy during the 4th quarter valued at $38,000. Shakespeare Wealth Management LLC acquired a new position in shares of enCore Energy in the fourth quarter worth $52,000. LPL Financial LLC purchased a new stake in shares of enCore Energy during the fourth quarter worth $56,000. Finally, Cibc World Markets Corp acquired a new stake in enCore Energy during the fourth quarter valued at $58,000. Hedge funds and other institutional investors own 20.86% of the company’s stock.

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.