Ecora Resources (LON:ECOR) Sets New 12-Month Low – Here’s What Happened

Ecora Resources PLC (LON:ECOR) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 51.50 ($0.66) and last traded at GBX 52.50 ($0.68), with a volume of 925369 shares traded. The stock had previously closed at GBX 55 ($0.71).

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ECOR. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 130 ($1.68) price objective on shares of Ecora Resources in a report on Thursday, March 27th. Canaccord Genuity Group upped 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 Stock Down 4.5 %

The company has a debt-to-equity ratio of 22.68, a quick ratio of 2.08 and a current ratio of 0.60. The business’s 50 day moving average price is GBX 61.06 and its 200 day moving average price is GBX 63.37. The firm has a market cap of £161.40 million, a price-to-earnings ratio of 6.93, a PEG ratio of 0.12 and a beta of 0.62.

Ecora Resources Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 25th. Shareholders of record on Thursday, June 26th will be issued a $0.26 dividend. This is a boost from Ecora Resources’s previous dividend of $0.02. The ex-dividend date of this dividend is Thursday, June 26th. This represents a yield of 5.29%. Ecora Resources’s payout ratio is presently 65.97%.

Insider Transactions at Ecora Resources

In other news, insider Kevin Flynn sold 42,728 shares of Ecora Resources stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of GBX 60 ($0.77), for a total value of £25,636.80 ($33,058.41). Also, insider Andrew Webb bought 25,000 shares of the business’s stock in a transaction dated Monday, March 31st. The shares were bought at an average cost of GBX 57 ($0.74) per share, with a total value of £14,250 ($18,375.24). Corporate insiders own 21.91% of the company’s stock.

Ecora Resources Company Profile

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.