MMCAP International Inc. SPC Acquires 899,901 Shares of enCore Energy Corp. (NASDAQ:EU)

MMCAP International Inc. SPC grew its holdings in shares of enCore Energy Corp. (NASDAQ:EU) by 64.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,301,509 shares of the company’s stock after acquiring an additional 899,901 shares during the period. enCore Energy comprises 1.2% of MMCAP International Inc. SPC’s holdings, making the stock its 24th largest holding. MMCAP International Inc. SPC owned about 1.24% of enCore Energy worth $7,848,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of EU. Van ECK Associates Corp raised its stake in enCore Energy by 79.8% during the fourth quarter. Van ECK Associates Corp now owns 4,378,073 shares of the company’s stock worth $14,929,000 after buying an additional 1,943,731 shares during the last quarter. Azarias Capital Management L.P. raised its stake in enCore Energy by 6.8% during the fourth quarter. Azarias Capital Management L.P. now owns 5,346,013 shares of the company’s stock worth $18,230,000 after buying an additional 342,657 shares during the last quarter. Sprott Inc. raised its stake in enCore Energy by 893.0% during the fourth quarter. Sprott Inc. now owns 370,320 shares of the company’s stock worth $1,263,000 after buying an additional 333,027 shares during the last quarter. National Bank of Canada FI bought a new position in enCore Energy during the third quarter worth $832,000. Finally, State Street Corp raised its stake in enCore Energy by 3.5% during the third quarter. State Street Corp now owns 3,085,686 shares of the company’s stock worth $12,466,000 after buying an additional 105,685 shares during the last quarter. Institutional investors own 20.86% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling at enCore Energy

In other news, Chairman William M. Sheriff sold 24,000 shares of enCore Energy stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $3.20, for a total transaction of $76,800.00. Following the completion of the transaction, the chairman now directly owns 2,120,055 shares in the company, valued at $6,784,176. This trade represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

enCore Energy Trading Down 2.7 %

EU opened at $2.48 on Wednesday. enCore Energy Corp. has a 1-year low of $2.46 and a 1-year high of $5.05. The company has a market cap of $461.70 million, a P/E ratio of -8.86 and a beta of 0.12. The company has a fifty day moving average price of $3.23 and a two-hundred day moving average price of $3.55.

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.