enCore Energy Corp. (NASDAQ:EU – Get Free Report) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 4,700,000 shares, an increase of 18.1% from the June 15th total of 3,980,000 shares. Currently, 2.7% of the shares of the company are sold short. Based on an average trading volume of 1,170,000 shares, the short-interest ratio is currently 4.0 days.
Wall Street Analyst Weigh In
EU has been the topic of several analyst reports. B. Riley reaffirmed 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 set a $7.50 target price on shares of enCore Energy in a report on Friday, June 14th.
View Our Latest Stock Analysis on EU
Institutional Investors Weigh In On enCore Energy
enCore Energy Price Performance
Shares of NASDAQ EU opened at $4.36 on Monday. The firm has a market capitalization of $804.00 million, a PE ratio of -33.69 and a beta of -0.02. enCore Energy has a 52 week low of $2.17 and a 52 week high of $5.05. The firm has a 50-day simple moving average of $4.36.
enCore Energy (NASDAQ:EU – Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $30.40 million for the quarter, compared to analyst estimates of $3.30 million. Equities research analysts expect that enCore Energy will post -0.05 earnings per share for the current fiscal year.
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.
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