Andrew Webb Acquires 25,000 Shares of Ecora Resources PLC (LON:ECOR) Stock

Ecora Resources PLC (LON:ECOR) insider Andrew Webb acquired 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average price of GBX 57 ($0.74) per share, for a total transaction of £14,250 ($18,422.75).

Ecora Resources Stock Up 4.4 %

Shares of LON:ECOR opened at GBX 59.70 ($0.77) on Wednesday. Ecora Resources PLC has a fifty-two week low of GBX 54.20 ($0.70) and a fifty-two week high of GBX 88.90 ($1.15). The firm’s 50 day moving average price is GBX 61.41 and its 200 day moving average price is GBX 63.60. The company has a quick ratio of 2.08, a current ratio of 0.60 and a debt-to-equity ratio of 22.68. The stock has a market cap of £183.54 million, a price-to-earnings ratio of 7.88, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62.

Ecora Resources Increases Dividend

The company also recently disclosed a dividend, which will be paid on Sunday, August 10th. Stockholders of record on Thursday, July 24th will be given a dividend of $0.26 per share. This is a boost from Ecora Resources’s previous dividend of $0.02. This represents a dividend yield of 5.29%. The ex-dividend date is Thursday, July 24th. Ecora Resources’s payout ratio is 65.97%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ECOR shares. Canaccord Genuity Group boosted their price target on shares of Ecora Resources from GBX 140 ($1.81) to GBX 145 ($1.87) and gave the stock a “buy” rating in a research note on Friday, January 31st. Berenberg Bank restated a “buy” rating and issued a GBX 130 ($1.68) price target on shares of Ecora Resources in a research note on Thursday, March 27th.

About Ecora Resources

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.