enCore Energy (NASDAQ:EU) Shares Down 4.4%

enCore Energy Corp. (NASDAQ:EU)’s share price dropped 4.4% during mid-day trading on Tuesday . The company traded as low as $4.10 and last traded at $4.11. Approximately 625,202 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 1,332,035 shares. The stock had previously closed at $4.30.

Wall Street Analyst Weigh In

Separately, B. Riley began coverage on shares of enCore Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $6.00 price objective for the company.

enCore Energy Trading Up 2.3 %

The business’s fifty day simple moving average is $4.27. The company has a debt-to-equity ratio of 0.15, a current ratio of 6.22 and a quick ratio of 6.22. The stock has a market cap of $792.34 million, a P/E ratio of -35.67 and a beta of -0.09.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EU. American International Group Inc. increased its stake in shares of enCore Energy by 3.2% in the 4th quarter. American International Group Inc. now owns 72,955 shares of the company’s stock worth $287,000 after acquiring an additional 2,280 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in enCore Energy by 12.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,631 shares of the company’s stock valued at $148,000 after acquiring an additional 4,227 shares during the period. Charles Schwab Investment Management Inc. lifted its position in enCore Energy by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 339,352 shares of the company’s stock valued at $1,334,000 after acquiring an additional 5,481 shares during the period. Nuveen Asset Management LLC lifted its position in enCore Energy by 2.2% during the 4th quarter. Nuveen Asset Management LLC now owns 427,695 shares of the company’s stock valued at $1,681,000 after acquiring an additional 9,099 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in enCore Energy by 1,327.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 30,015 shares of the company’s stock valued at $118,000 after acquiring an additional 27,912 shares during the period. 20.86% of the stock is currently 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.