Ecora Resources PLC (LON:ECOR) Insider Andrew Webb Buys 25,000 Shares

Ecora Resources PLC (LON:ECOR) insider Andrew Webb acquired 25,000 shares of the stock in a transaction on Monday, March 31st. The stock was bought at an average price of GBX 57 ($0.74) per share, for a total transaction of £14,250 ($18,425.14).

Ecora Resources Price Performance

Shares of ECOR stock traded down GBX 2.60 ($0.03) during trading hours on Monday, hitting GBX 57.20 ($0.74). 1,014,884 shares of the company’s stock were exchanged, compared to its average volume of 548,834. The firm has a 50 day moving average of GBX 61.59 and a two-hundred day moving average of GBX 63.69. 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 has a market cap of £175.85 million, a P/E ratio of 7.55, a P/E/G ratio of 0.12 and a beta of 0.62. The company has a quick ratio of 2.08, a current ratio of 0.60 and a debt-to-equity ratio of 22.68.

Ecora Resources Increases Dividend

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

Wall Street Analyst Weigh In

ECOR has been the topic of a number of recent analyst reports. Canaccord Genuity Group increased 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 report on Friday, January 31st. Berenberg Bank reissued a “buy” rating and set a GBX 130 ($1.68) target price on shares of Ecora Resources in a research note on Thursday.

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.