enCore Energy Stock (NASDAQ: EU) Doubles Off Lows

enCore Energy Corp. (NASDAQ: EU, TSXV: EU) has experienced significant stock price volatility recently, with shares jumping 23.12% during the most recent trading session on Friday. Despite the recent turnaround, the stock has given holders a mightily frightful ride through 2025.

This morning's pre-market action looks to have enCore Energy's stock up at $2.03, reflecting an impressive double up from the 52 week low less than two months ago. A 2x in such a period is impressive indeed, but when the stock price remains more than 45% down YTD, it is clear there is more to the story.

Recent earnings certainly hasn't harmed sentiment in the near term, despite widening losses. On May 12, 2025, enCore Energy released its financial and operational results for the first quarter ended March 31, 2025, highlighting several positive operational metrics:

• The company extracted and processed 130,015 pounds of uranium (U₃O₈) at a cost of $36.11 per pound
• Successfully delivered 290,000 pounds of U₃O₈ into sales contracts at an average price of $62.89 per pound
• Reported cost of pounds delivered from inventory at $62.97 per pound
• Transferred 29,126 pounds of U₃O₈ to Boss Energy Ltd, the 30% joint venture partner at the Alta Mesa Project
• Maintained end-of-quarter U₃O₈ inventory of 153,058 pounds at a cost of $40.39 per pound

The company's financial position at quarter-end included $29.7 million in cash and equivalents with working capital of $35.7 million, despite a $12.2 million cash repayment of a uranium loan that resulted in negative operating cash flow of $7.7 million.

Sentiment rebounded broadly across nuclear energy names upon President Trump's executive order to increase focus on the sector.

While the company’s efforts to streamline uranium production and secure sales at favorable prices bode well for its core business, the shadow of negative cash flow, and widening financial losses through FY24 cannot be ignored. For the time being, there appears to be a bullish head of steam building off the lows, as sentiment surrounding nuclear energy plays continues to hold.