Ecora Resources (LON:ECOR) Stock Price Crosses Above 200 Day Moving Average of $72.82

Ecora Resources PLC (LON:ECOR) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 72.82 ($0.97) and traded as high as GBX 73.90 ($0.99). Ecora Resources shares last traded at GBX 69.90 ($0.93), with a volume of 536,880 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 150 ($2.01) target price on shares of Ecora Resources in a report on Wednesday, September 4th. Royal Bank of Canada boosted their price objective on Ecora Resources from GBX 100 ($1.34) to GBX 120 ($1.61) and gave the stock an “outperform” rating in a report on Thursday, September 5th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a GBX 150 ($2.01) price target on shares of Ecora Resources in a research note on Wednesday, September 4th.

Ecora Resources Price Performance

The stock has a market capitalization of £173.27 million, a price-to-earnings ratio of 1,165.00, a PEG ratio of 0.12 and a beta of 0.62. 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 company has a fifty day simple moving average of GBX 64.30 and a two-hundred day simple moving average of GBX 72.82.

Ecora Resources Cuts Dividend

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

Insider Activity

In other news, insider Marc Bishop Lafleche purchased 75,000 shares of Ecora Resources stock in a transaction dated Monday, July 29th. The shares were bought at an average cost of GBX 64 ($0.86) per share, for a total transaction of £48,000 ($64,205.46). Corporate insiders own 22.78% of the company’s stock.

About Ecora Resources

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.