EnCore Energy falls after reporting Q2 loss

enCore Energy

14/08/2024 15:14

** Shares of uranium company enCore Energy  EU.O  down ~1.3%
at $3.15 
    ** Company reports Q2 loss per share of 5 cents vs est
profit of 1 cent per share - LSEG data
    ** Says it entered its 7th uranium supply contract with a
U.S. nuclear utility to deliver 200,000 pounds of uranium
compound per year in 2028 and 2029 
    ** "As Alta Mesa came on-line late in Q2 there were no sales
of product ... revenues are expected to increase materially
during the second half of the year with Alta Mesa's production
being the major source of this expected increase" - EnCore
Energy
    ** EU down 19.9% YTD

 (Reporting by Seher Dareen in Bengaluru)
 ((Seher.Dareen@thomsonreuters.com;))