Verition Fund Management LLC Takes $96,000 Position in enCore Energy Corp. (NASDAQ:EU)

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

Several other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp lifted its holdings in shares of enCore Energy by 89.3% in the 3rd 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 period. Azarias Capital Management L.P. lifted its holdings in enCore Energy by 28.1% in 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 acquiring an additional 1,056,483 shares during the period. Goehring & Rozencwajg Associates LLC boosted its position in shares of enCore Energy by 10.7% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,082,548 shares of the company’s stock worth $4,265,000 after purchasing an additional 104,900 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of enCore Energy by 22.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 515,641 shares of the company’s stock worth $2,032,000 after purchasing an additional 95,925 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of enCore Energy by 93.4% in the 3rd quarter. SG Americas Securities LLC now owns 103,048 shares of the company’s stock valued at $416,000 after purchasing an additional 49,768 shares in the last quarter. 20.86% of the stock is owned by institutional investors and hedge funds.

enCore Energy Trading Up 0.3 %

Shares of NASDAQ EU opened at $3.22 on Wednesday. The company’s 50-day moving average price is $3.80 and its 200 day moving average price is $3.82. enCore Energy Corp. has a 52 week low of $3.02 and a 52 week high of $5.05. The stock has a market cap of $599.25 million, a price-to-earnings ratio of -11.50 and a beta of -0.04.

Analysts Set New Price Targets

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

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.