Ecora Resources (LON:ECOR) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Ecora Resources PLC (LON:ECOR) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 65.28 ($0.81) and traded as high as GBX 65.60 ($0.81). Ecora Resources shares last traded at GBX 63.90 ($0.79), with a volume of 293,085 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 150 ($1.86) target price on shares of Ecora Resources in a report on Wednesday, October 23rd.

Ecora Resources Price Performance

The company has a market capitalization of £158.84 million, a P/E ratio of 1,064.92, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62. The company has a debt-to-equity ratio of 21.86, a current ratio of 3.04 and a quick ratio of 2.08. The company has a fifty day moving average price of GBX 63.55 and a 200 day moving average price of GBX 65.28.

Ecora Resources Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd will be given a $0.02 dividend. This represents a yield of 2.24%. The ex-dividend date of this dividend is Thursday, January 2nd. Ecora Resources’s dividend payout ratio is presently 8,333.33%.

Insider Activity

In other news, insider Marc Bishop Lafleche purchased 100,000 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were bought at an average price of GBX 63 ($0.78) per share, for a total transaction of £63,000 ($78,260.87). Corporate insiders own 21.91% of the company’s stock.

Ecora Resources Company Profile

Ecora Resources is a leading royalty company focused on supporting the supply of commodities essential to creating
a sustainable future. The company is listed on both the London and Toronto Stock Exchange.
Our vision is to be globally recognised as the royalty company of choice synonymous with commodities that support a
sustainable future by continuing to grow and diversify our royalty portfolio in line with our strategy.