Tidal Investments LLC Boosts Holdings in enCore Energy Corp. (NASDAQ:EU)

Tidal Investments LLC grew its position in enCore Energy Corp. (NASDAQ:EU) by 48.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,697 shares of the company’s stock after acquiring an additional 12,672 shares during the quarter. Tidal Investments LLC’s holdings in enCore Energy were worth $156,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EU. Principal Financial Group Inc. lifted its stake in enCore Energy by 19.6% in the second quarter. Principal Financial Group Inc. now owns 22,317 shares of the company’s stock worth $88,000 after purchasing an additional 3,652 shares during the last quarter. Arlington Capital Management Inc. boosted its holdings in enCore Energy by 2.6% during the 3rd quarter. Arlington Capital Management Inc. now owns 222,035 shares of the company’s stock valued at $897,000 after acquiring an additional 5,655 shares during the period. Rathbones Group PLC bought a new position in enCore Energy in the 2nd quarter valued at $39,000. Xponance Inc. purchased a new stake in enCore Energy in the second quarter worth $43,000. Finally, Sei Investments Co. purchased a new stake in enCore Energy in the second quarter worth $46,000. Institutional investors own 20.86% of the company’s stock.

enCore Energy Stock Performance

Shares of NASDAQ EU opened at $3.40 on Thursday. enCore Energy Corp. has a 52-week low of $3.02 and a 52-week high of $5.05. The firm has a market capitalization of $632.79 million, a price-to-earnings ratio of -12.14 and a beta of -0.04. The stock has a 50 day moving average price of $3.70 and a 200 day moving average price of $3.77.

Wall Street Analysts Forecast Growth

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

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.