enCore Energy (NASDAQ:EU) Sets New 1-Year High at $5.05

enCore Energy Corp. (NASDAQ:EU) reached a new 52-week high during trading on Tuesday . The stock traded as high as $5.05 and last traded at $5.02, with a volume of 168272 shares. The stock had previously closed at $4.89.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on EU shares. HC Wainwright began coverage on enCore Energy in a report on Monday. They set a “buy” rating and a $7.50 price target on the stock. B. Riley began coverage on enCore Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $6.00 price objective for the company.

enCore Energy Price Performance

The company has a quick ratio of 4.03, a current ratio of 4.04 and a debt-to-equity ratio of 0.07. The company’s fifty day moving average price is $4.28.

enCore Energy (NASDAQ:EU) last announced its earnings results on Thursday, March 28th. The company reported ($0.09) EPS for the quarter. As a group, analysts anticipate that enCore Energy Corp. will post 0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of enCore Energy in the first quarter valued at $83,000. Paradice Investment Management LLC purchased a new position in enCore Energy during the fourth quarter worth about $239,000. Quantbot Technologies LP purchased a new position in enCore Energy during the first quarter worth about $348,000. Janney Montgomery Scott LLC purchased a new position in enCore Energy during the first quarter worth about $459,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in enCore Energy by 54.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 125,833 shares of the company’s stock worth $551,000 after buying an additional 44,312 shares during the period. Hedge funds and other institutional investors own 20.86% of the company’s stock.

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.