Ecora Resources (LON:ECOR) Hits New 1-Year High – What’s Next?

Ecora Resources PLC (LON:ECOR) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 154.40 and last traded at GBX 152.40, with a volume of 3011617 shares changing hands. The stock had previously closed at GBX 142.80.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 150 price target on shares of Ecora Resources in a research report on Friday. Canaccord Genuity Group lifted their target price on Ecora Resources from GBX 150 to GBX 155 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 152.50.

Ecora Resources Price Performance

The stock has a 50-day moving average price of GBX 112.31 and a two-hundred day moving average price of GBX 90.82. The company has a current ratio of 0.60, a quick ratio of 2.08 and a debt-to-equity ratio of 22.68. The stock has a market cap of £379.56 million, a price-to-earnings ratio of -12.70, a PEG ratio of 0.12 and a beta of 0.62.

Insiders Place Their Bets

In related news, insider Marc Bishop Lafleche acquired 32,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was purchased at an average cost of GBX 93 per share, with a total value of £29,760. Also, insider Kevin Flynn bought 21,175 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was bought at an average price of GBX 95 per share, with a total value of £20,116.25. Over the last 90 days, insiders acquired 64,575 shares of company stock valued at $6,036,425. 8.37% of the stock is currently owned by corporate insiders.

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. We will achieve this
through building a diversified portfolio of scale over high quality assets that drives low volatility earnings growth and
shareholder returns.