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 stock in a transaction that occurred on 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 trade represents a 1.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

enCore Energy Trading Down 3.4 %

Shares of NASDAQ EU opened at $3.37 on Friday. enCore Energy Corp. has a 12-month low of $3.02 and a 12-month high of $5.05. The firm has a market capitalization of $627.21 million, a price-to-earnings ratio of -12.04 and a beta of 0.14. The firm has a 50 day moving average of $3.56 and a 200 day moving average of $3.73.

Institutional Investors Weigh In On enCore Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rathbones Group PLC bought a new stake in enCore Energy during the 2nd quarter worth approximately $39,000. Xponance Inc. purchased a new stake in shares of enCore Energy in the second quarter worth $43,000. Sei Investments Co. bought a new stake in shares of enCore Energy during the 2nd quarter valued at $46,000. Franklin Resources Inc. purchased a new position in shares of enCore Energy during the 3rd quarter valued at $60,000. Finally, Principal Financial Group Inc. boosted its holdings in enCore Energy by 19.6% in the 2nd quarter. Principal Financial Group Inc. now owns 22,317 shares of the company’s stock worth $88,000 after buying an additional 3,652 shares during the period. 20.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.