enCore Energy (NASDAQ:EU) Announces Earnings Results

enCore Energy (NASDAQ:EU) issued its quarterly earnings data on Thursday. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03), Zacks reports. enCore Energy had a negative net margin of 131.75% and a negative return on equity of 20.72%.

enCore Energy Stock Performance

Shares of EU traded up $0.03 during mid-day trading on Thursday, hitting $1.62. The stock had a trading volume of 2,810,089 shares, compared to its average volume of 2,753,247. The company has a market cap of $314.64 million, a PE ratio of -5.23 and a beta of 2.18. The company’s fifty day simple moving average is $1.89 and its two-hundred day simple moving average is $2.46. The company has a quick ratio of 7.64, a current ratio of 8.03 and a debt-to-equity ratio of 0.43. enCore Energy has a fifty-two week low of $1.54 and a fifty-two week high of $4.19.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Abel Hall LLC acquired a new position in shares of enCore Energy in the 4th quarter worth approximately $52,000. CIBC Asset Management Inc acquired a new position in shares of enCore Energy in the 4th quarter worth approximately $54,000. CIBC Bancorp USA Inc. acquired a new position in shares of enCore Energy in the 3rd quarter worth approximately $63,000. Russell Investments Group Ltd. acquired a new position in shares of enCore Energy in the 3rd quarter worth approximately $49,000. Finally, Tower Research Capital LLC TRC grew its position in shares of enCore Energy by 88.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 16,105 shares of the company’s stock worth $46,000 after acquiring an additional 7,540 shares in the last quarter. Institutional investors and hedge funds own 20.86% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of enCore Energy in a research note on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $3.83.

enCore Energy Company 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.