Ecora Resources (LON:ECOR) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Ecora Resources PLC (LON:ECOR)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 63.57 ($0.82) and traded as high as GBX 64.70 ($0.84). Ecora Resources shares last traded at GBX 62.25 ($0.80), with a volume of 1,305,334 shares changing hands.

Analyst Ratings Changes

Separately, 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 company a “buy” rating in a report on Friday, January 31st.

Ecora Resources Trading Down 2.4 %

The company has a market capitalization of £191.38 million, a P/E ratio of 8.21, a PEG ratio of 0.12 and a beta of 0.62. The business has a 50 day moving average price of GBX 61.63 and a 200 day moving average price of GBX 63.57. The company has a current ratio of 0.60, a quick ratio of 2.08 and a debt-to-equity ratio of 22.68.

Ecora Resources Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.02 per share. This represents a dividend yield of 2.24%. The ex-dividend date was Thursday, January 2nd. Ecora Resources’s dividend payout ratio (DPR) is presently 65.97%.

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.