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

enCore Energy Corp. (NASDAQ:EU) Chairman William M. Sheriff sold 24,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $3.20, for a total transaction of $76,800.00. Following the transaction, the chairman now owns 2,120,055 shares in the company, valued at $6,784,176. The trade was a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

enCore Energy Stock Up 1.3 %

Shares of EU stock opened at $3.22 on Wednesday. The stock has a market cap of $599.31 million, a P/E ratio of -11.50 and a beta of 0.12. enCore Energy Corp. has a fifty-two week low of $3.02 and a fifty-two week high of $5.05. The business has a fifty day simple moving average of $3.44 and a 200-day simple moving average of $3.63.

Institutional Investors Weigh In On enCore Energy

A number of large investors have recently added to or reduced their stakes in the business. MMCAP International Inc. SPC grew its holdings in enCore Energy by 64.2% during the 4th quarter. MMCAP International Inc. SPC now owns 2,301,509 shares of the company’s stock valued at $7,848,000 after buying an additional 899,901 shares during the last quarter. Sprott Inc. boosted its stake in shares of enCore Energy by 893.0% during the fourth quarter. Sprott Inc. now owns 370,320 shares of the company’s stock valued at $1,263,000 after acquiring an additional 333,027 shares during the last quarter. Bank of New York Mellon Corp increased its position in enCore Energy by 3.6% during the 4th quarter. Bank of New York Mellon Corp now owns 483,869 shares of the company’s stock worth $1,650,000 after purchasing an additional 16,869 shares in the last quarter. Vontobel Holding Ltd. raised its stake in enCore Energy by 84.1% in the 4th quarter. Vontobel Holding Ltd. now owns 104,158 shares of the company’s stock valued at $351,000 after purchasing an additional 47,584 shares during the last quarter. Finally, Azarias Capital Management L.P. lifted its holdings in enCore Energy by 6.8% in the 4th quarter. Azarias Capital Management L.P. now owns 5,346,013 shares of the company’s stock valued at $18,230,000 after purchasing an additional 342,657 shares in the last quarter. 20.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.