enCore Energy (NASDAQ:EU) Hits New 12-Month Low – Time to Sell?

enCore Energy Corp. (NASDAQ:EU) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $3.01 and last traded at $3.02, with a volume of 897620 shares trading hands. The stock had previously closed at $3.14.

Analyst Ratings Changes

Separately, HC Wainwright reissued a “buy” rating and issued a $7.00 target price on shares of enCore Energy in a report on Tuesday, November 19th.

enCore Energy Price Performance

The stock has a fifty day moving average price of $3.41 and a two-hundred day moving average price of $3.63.

Insider Buying and Selling at enCore Energy

In related news, Director William M. Sheriff sold 24,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $3.55, for a total value of $85,200.00. Following the sale, the director now directly owns 2,144,055 shares of the company’s stock, valued at approximately $7,611,395.25. This trade represents a 1.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Trading of enCore Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in shares of enCore Energy by 6.7% in the third quarter. JPMorgan Chase & Co. now owns 81,173 shares of the company’s stock valued at $328,000 after purchasing an additional 5,067 shares during the period. Arlington Capital Management Inc. boosted its holdings in shares of enCore Energy by 2.6% in the 3rd quarter. Arlington Capital Management Inc. now owns 222,035 shares of the company’s stock valued at $897,000 after buying an additional 5,655 shares during the period. SG Americas Securities LLC grew its position in shares of enCore Energy by 10.2% during the 4th quarter. SG Americas Securities LLC now owns 113,517 shares of the company’s stock valued at $387,000 after buying an additional 10,469 shares during the last quarter. Savant Capital LLC acquired a new stake in enCore Energy during the fourth quarter worth about $36,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of enCore Energy during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 20.86% of the company’s stock.

About enCore Energy

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.