enCore Energy (NASDAQ:EU) Shares Up 5.6% – Time to Buy?

enCore Energy Corp. (NASDAQ:EU) shot up 5.6% during trading on Tuesday . The company traded as high as $3.51 and last traded at $3.51. 243,738 shares traded hands during trading, a decline of 82% from the average session volume of 1,390,825 shares. The stock had previously closed at $3.32.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a “buy” rating and set a $7.00 target price on shares of enCore Energy in a report on Tuesday, November 19th.

enCore Energy Price Performance

The company has a market capitalization of $679.34 million, a P/E ratio of -13.04 and a beta of 0.14. The stock’s 50 day moving average is $3.51 and its 200-day moving average is $3.69.

Insider Transactions at enCore Energy

In other enCore Energy news, Director William M. Sheriff sold 24,000 shares of the company’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 owns 2,144,055 shares in the company, valued at approximately $7,611,395.25. This represents a 1.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Trading of enCore Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in enCore Energy by 3.5% during the third quarter. State Street Corp now owns 3,085,686 shares of the company’s stock valued at $12,466,000 after purchasing an additional 105,685 shares in the last quarter. Van ECK Associates Corp raised its position in shares of enCore Energy by 89.3% during the 3rd 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 period. Geode Capital Management LLC lifted its stake in shares of enCore Energy by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,203,139 shares of the company’s stock valued at $8,901,000 after buying an additional 24,786 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in enCore Energy by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 437,297 shares of the company’s stock worth $1,767,000 after buying an additional 15,740 shares during the period. Finally, Arlington Capital Management Inc. increased its stake in enCore Energy by 2.6% in the 3rd quarter. Arlington Capital Management Inc. now owns 222,035 shares of the company’s stock worth $897,000 after buying an additional 5,655 shares in the last quarter. 20.86% of the stock is owned by hedge funds and other institutional investors.

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.