Ecora Resources (LON:ECOR) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Ecora Resources PLC (LON:ECOR) passed above its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.

Wall Street Analyst Weigh In

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

Ecora Resources Trading Down 0.9 %

The company has a quick ratio of 2.08, a current ratio of 3.04 and a debt-to-equity ratio of 21.86. The company has a 50-day moving average price of GBX 63.55 and a 200-day moving average price of GBX 65.28. The company has a market capitalization of £158.84 million, a price-to-earnings ratio of 1,064.92, a P/E/G ratio of 0.12 and a beta of 0.62.

Ecora Resources Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 2nd will be paid a dividend of $0.02 per share. The ex-dividend date is Thursday, January 2nd. This represents a yield of 2.24%. Ecora Resources’s dividend payout ratio is 8,333.33%.

Insider Transactions at Ecora Resources

In related news, insider Marc Bishop Lafleche acquired 100,000 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was purchased at an average cost of GBX 63 ($0.78) per share, for a total transaction of £63,000 ($78,260.87). 21.91% of the stock is owned by insiders.

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.