enCore Energy (NASDAQ:EU) Stock Price Down 3.6% – Time to Sell?

enCore Energy Corp. (NASDAQ:EU)’s share price dropped 3.6% during trading on Friday . The company traded as low as $3.79 and last traded at $3.80. Approximately 275,320 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 1,215,919 shares. The stock had previously closed at $3.94.

Analyst Ratings Changes

EU has been the topic of several recent research reports. Ventum Cap Mkts upgraded enCore Energy to a “strong-buy” rating in a report on Thursday, August 22nd. HC Wainwright restated a “buy” rating and set a $7.00 price target on shares of enCore Energy in a report on Tuesday.

enCore Energy Stock Down 5.8 %

The stock has a market cap of $690.21 million, a PE ratio of -14.07 and a beta of 0.05. The firm has a 50 day moving average price of $3.94 and a 200 day moving average price of $3.97.

Institutional Investors Weigh In On enCore Energy

A number of institutional investors have recently added to or reduced their stakes in EU. Azarias Capital Management L.P. lifted its position in shares of enCore Energy by 28.1% during the second quarter. Azarias Capital Management L.P. now owns 4,814,976 shares of the company’s stock valued at $20,590,000 after buying an additional 1,056,483 shares during the last quarter. State Street Corp lifted its position in shares of enCore Energy by 3.5% during the third quarter. State Street Corp now owns 3,085,686 shares of the company’s stock valued at $12,466,000 after buying an additional 105,685 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of enCore Energy by 89.3% during the third quarter. Van ECK Associates Corp now owns 2,434,342 shares of the company’s stock valued at $9,762,000 after buying an additional 1,148,056 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of enCore Energy by 1.1% during the third quarter. Geode Capital Management LLC now owns 2,203,139 shares of the company’s stock valued at $8,901,000 after buying an additional 24,786 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC lifted its position in shares of enCore Energy by 10.7% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 1,082,548 shares of the company’s stock valued at $4,265,000 after buying an additional 104,900 shares during the last quarter. Institutional investors 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.