Verition Fund Management LLC Buys New Position in enCore Energy Corp. (NASDAQ:EU)

Verition Fund Management LLC purchased a new position in shares of enCore Energy Corp. (NASDAQ:EU) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,850 shares of the company’s stock, valued at approximately $96,000.

Several other hedge funds and other institutional investors have also made changes to their positions in EU. Rathbones Group PLC purchased a new stake in shares of enCore Energy in the 2nd quarter valued at approximately $39,000. Xponance Inc. purchased a new position in enCore Energy in the second quarter valued at $43,000. Sei Investments Co. acquired a new stake in enCore Energy in the second quarter valued at $46,000. Principal Financial Group Inc. lifted its holdings in enCore Energy by 19.6% during the 2nd quarter. Principal Financial Group Inc. now owns 22,317 shares of the company’s stock worth $88,000 after buying an additional 3,652 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of enCore Energy in the 3rd quarter valued at about $110,000. Hedge funds and other institutional investors own 20.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EU shares. Ventum Cap Mkts upgraded shares of enCore Energy to a “strong-buy” rating in a research note on Thursday, August 22nd. HC Wainwright restated a “buy” rating and issued a $7.00 target price on shares of enCore Energy in a report on Tuesday, November 19th.

enCore Energy Stock Up 0.3 %

EU opened at $3.22 on Wednesday. enCore Energy Corp. has a 52 week low of $3.02 and a 52 week high of $5.05. The business’s 50 day moving average is $3.80 and its two-hundred day moving average is $3.82. The firm has a market cap of $599.25 million, a price-to-earnings ratio of -11.50 and a beta of -0.04.

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.