William M. Sheriff Sells 24,000 Shares of enCore Energy Corp. (NASDAQ:EU) Stock

enCore Energy Corp. (NASDAQ:EU) Director William M. Sheriff sold 24,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $3.55, for a total value of $85,200.00. Following the completion of the sale, the director now directly owns 2,144,055 shares in the company, valued at approximately $7,611,395.25. The trade was a 1.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

enCore Energy Stock Down 3.4 %

Shares of EU opened at $3.37 on Friday. The stock has a market cap of $627.21 million, a P/E ratio of -12.04 and a beta of 0.14. The business’s 50 day moving average price is $3.56 and its 200-day moving average price is $3.73. enCore Energy Corp. has a 52 week low of $3.02 and a 52 week high of $5.05.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On enCore Energy

Several hedge funds have recently added to or reduced their stakes in EU. Bank of New York Mellon Corp lifted its stake in shares of enCore Energy by 22.9% in the second quarter. Bank of New York Mellon Corp now owns 515,641 shares of the company’s stock worth $2,032,000 after buying an additional 95,925 shares in the last quarter. Principal Financial Group Inc. lifted its position in enCore Energy by 19.6% in the 2nd quarter. Principal Financial Group Inc. now owns 22,317 shares of the company’s stock valued at $88,000 after acquiring an additional 3,652 shares in the last quarter. Rhumbline Advisers boosted its stake in enCore Energy by 7.1% during the 2nd quarter. Rhumbline Advisers now owns 260,172 shares of the company’s stock valued at $1,025,000 after purchasing an additional 17,191 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of enCore Energy in the 2nd quarter worth $179,000. Finally, Rathbones Group PLC purchased a new position in shares of enCore Energy in the second quarter worth $39,000. 20.86% of the stock is owned by institutional investors.

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.