Stock Traders Buy Large Volume of enCore Energy Call Options (NASDAQ:EU)

enCore Energy Corp. (NASDAQ:EU) was the target of unusually large options trading activity on Thursday. Traders acquired 11,105 call options on the stock. This is an increase of approximately 536% compared to the typical volume of 1,746 call options.

enCore Energy Stock Performance

Shares of NASDAQ EU opened at $3.99 on Friday. The business’s 50-day simple moving average is $4.47. enCore Energy has a 12 month low of $2.16 and a 12 month high of $5.05. The firm has a market capitalization of $735.76 million, a P/E ratio of -30.69 and a beta of 0.14.

enCore Energy (NASDAQ:EU) last released its quarterly earnings data on Friday, May 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The company had revenue of $30.40 million for the quarter, compared to analyst estimates of $3.30 million. As a group, equities research analysts forecast that enCore Energy will post -0.05 EPS for the current year.

Analyst Upgrades and Downgrades

EU has been the topic of several analyst reports. B. Riley reiterated a “buy” rating and set a $6.00 price target on shares of enCore Energy in a research report on Wednesday, May 15th. HC Wainwright reaffirmed a “buy” rating and issued a $7.50 target price on shares of enCore Energy in a report on Friday, June 14th.

Institutional Investors Weigh In On enCore Energy

Several hedge funds have recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in enCore Energy in the first quarter valued at $83,000. Virtu Financial LLC acquired a new stake in shares of enCore Energy in the first quarter valued at about $84,000. Tidal Investments LLC acquired a new position in shares of enCore Energy in the first quarter worth approximately $120,000. ProShare Advisors LLC boosted its holdings in enCore Energy by 20.9% in the first quarter. ProShare Advisors LLC now owns 29,368 shares of the company’s stock valued at $129,000 after acquiring an additional 5,074 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in enCore Energy by 23.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 46,585 shares of the company’s stock valued at $205,000 after purchasing an additional 8,954 shares during the period. Institutional investors and hedge funds own 20.86% of the company’s stock.

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.