Ecora Resources (LON:ECOR) Shares Down 0.3% – Here’s Why

Ecora Resources PLC (LON:ECOR) fell 0.3% on Tuesday . The company traded as low as GBX 64.60 ($0.83) and last traded at GBX 65.40 ($0.84). 727,195 shares traded hands during trading, an increase of 26% from the average session volume of 577,648 shares. The stock had previously closed at GBX 65.60 ($0.84).

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ECOR shares. Royal Bank of Canada upped their target price on Ecora Resources from GBX 100 ($1.28) to GBX 120 ($1.53) and gave the stock an “outperform” rating in a research note on Thursday, September 5th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 150 ($1.92) price objective on shares of Ecora Resources in a research note on Wednesday, September 4th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 150 ($1.92) target price on shares of Ecora Resources in a report on Wednesday, October 23rd.

Ecora Resources Trading Down 0.3 %

The company has a debt-to-equity ratio of 21.86, a quick ratio of 2.08 and a current ratio of 3.04. The firm has a 50-day moving average of GBX 64.63 and a 200-day moving average of GBX 66.93. The firm has a market capitalization of £162.58 million, a P/E ratio of 1,090.00, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62.

Insider Activity

In other news, insider Marc Bishop Lafleche acquired 100,000 shares of the stock in a transaction dated Thursday, October 24th. The stock was purchased at an average cost of GBX 63 ($0.80) per share, with a total value of £63,000 ($80,490.61). Insiders own 21.91% of the company’s stock.

Ecora Resources Company Profile

Ecora Resources PLC operates as a natural resource royalty and streaming company in Australia, North and South America, Europe, and internationally. It has royalties and investments in mining and exploration interests in cobalt, steelmaking coal, iron ore, copper, nickel, vanadium, uranium, coking coal, calcium carbonate, chromite, gold, and silver.