enCore Energy Corp. $EU is Azarias Capital Management L.P.’s 6th Largest Position

Azarias Capital Management L.P. increased its position in shares of enCore Energy Corp. (NASDAQ:EU) by 22.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,067,708 shares of the company’s stock after purchasing an additional 934,857 shares during the period. enCore Energy accounts for approximately 4.1% of Azarias Capital Management L.P.’s portfolio, making the stock its 6th largest position. Azarias Capital Management L.P.’s holdings in enCore Energy were worth $9,122,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its stake in enCore Energy by 192.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 8,137 shares of the company’s stock valued at $26,000 after buying an additional 5,356 shares in the last quarter. Osaic Holdings Inc. purchased a new stake in enCore Energy during the 2nd quarter worth about $29,000. Arax Advisory Partners boosted its position in shares of enCore Energy by 898.7% during the 4th quarter. Arax Advisory Partners now owns 11,545 shares of the company’s stock worth $29,000 after acquiring an additional 10,389 shares in the last quarter. Laurion Capital Management LP acquired a new position in shares of enCore Energy during the 4th quarter worth about $29,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of enCore Energy in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 20.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Weiss Ratings lowered enCore Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 8th. HC Wainwright lowered their price target on enCore Energy from $4.00 to $3.75 and set a “buy” rating for the company in a report on Friday, May 15th. Wall Street Zen upgraded shares of enCore Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Northland Securities set a $3.75 price objective on shares of enCore Energy in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $3.83.

enCore Energy Stock Performance

Shares of EU stock opened at $1.65 on Monday. The stock’s 50-day moving average is $1.69 and its two-hundred day moving average is $2.24. The firm has a market cap of $320.51 million, a price-to-earnings ratio of -11.00 and a beta of 2.01. enCore Energy Corp. has a 1 year low of $1.26 and a 1 year high of $4.18. The company has a debt-to-equity ratio of 0.39, a quick ratio of 10.25 and a current ratio of 11.08.

enCore Energy (NASDAQ:EU) last posted its earnings results on Thursday, May 14th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The firm had revenue of $18.30 million during the quarter, compared to analysts’ expectations of $9.30 million. enCore Energy had a negative net margin of 62.96% and a negative return on equity of 21.98%. Analysts predict that enCore Energy Corp. will post -0.32 earnings per share for the current year.

Insider Transactions at enCore Energy

In other news, Director Mark S. Pelizza purchased 99,182 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were bought at an average price of $1.37 per share, with a total value of $135,879.34. Following the completion of the transaction, the director directly owned 237,515 shares in the company, valued at approximately $325,395.55. This represents a 71.70% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Wayne W. Heili acquired 35,000 shares of enCore Energy stock in a transaction on Friday, June 12th. The stock was purchased at an average price of $1.44 per share, with a total value of $50,400.00. Following the purchase, the director owned 35,000 shares of the company’s stock, valued at $50,400. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 259,905 shares of company stock worth $362,534. 3.00% of the stock is currently owned by corporate insiders.

enCore Energy Profile

enCore Energy Inc is a U.S.-based uranium exploration and development company focused on deploying in-situ recovery (ISR) technology to bring domestic uranium projects into production. The company’s operations are centered on the Nichols Ranch ISR facility in Wyoming, which represents enCore’s flagship asset and its nearest-term production opportunity. Through ISR methods, enCore seeks to extract uranium with lower environmental impact and capital requirements relative to conventional mining.

In addition to Nichols Ranch, enCore holds a diversified portfolio of uranium properties in the western United States, including the Roca Honda project in New Mexico and several ISR-amenable projects in the Texas and Oklahoma regions.