Ecora Resources PLC (LON:ECOR) Insider Purchases £63,000 in Stock

Ecora Resources PLC (LON:ECOR) insider Marc Bishop Lafleche bought 100,000 shares of Ecora Resources stock in a transaction on Thursday, October 24th. The shares were acquired at an average price of GBX 63 ($0.82) per share, for a total transaction of £63,000 ($81,796.94).

Marc Bishop Lafleche also recently made the following trade(s):

• On Monday, July 29th, Marc Bishop Lafleche purchased 75,000 shares of Ecora Resources stock. The shares were acquired at an average cost of GBX 64 ($0.83) per share, for a total transaction of £48,000 ($62,321.47).

Ecora Resources Stock Up 1.6 %

Shares of ECOR stock opened at GBX 63.60 ($0.83) on Friday. The firm’s fifty day moving average price is GBX 65.30 and its two-hundred day moving average price is GBX 71.62. Ecora Resources PLC has a 1 year low of GBX 54.20 ($0.70) and a 1 year high of GBX 101 ($1.31). The company has a current ratio of 3.04, a quick ratio of 2.08 and a debt-to-equity ratio of 21.86. The firm has a market capitalization of £158.11 million, a P/E ratio of 1,060.00, a PEG ratio of 0.12 and a beta of 0.62.

Ecora Resources Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 2nd will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a yield of 2.24%. Ecora Resources’s dividend payout ratio (DPR) is presently 8,333.33%.

Wall Street Analyst Weigh In

Several brokerages have commented on ECOR. Berenberg Bank restated a “buy” rating and set a GBX 150 ($1.95) target price on shares of Ecora Resources in a report on Wednesday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 150 ($1.95) price objective on shares of Ecora Resources in a research report on Wednesday, September 4th. Finally, Royal Bank of Canada increased their target price on Ecora Resources from GBX 100 ($1.30) to GBX 120 ($1.56) and gave the stock an “outperform” rating in a report on Thursday, September 5th.

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.