Ecora Resources (LON:ECOR) Hits New 12-Month High - Here's What Happened

Key Points

• Ecora Resources PLC hit a new 12-month high with its stock price reaching GBX 90.80 ($1.22) during mid-day trading.
• Analysts have rated Ecora Resources with a consistent "buy" rating, setting price targets as high as GBX 150.
• The company has a market capitalization of £224.65 million and a high debt-to-equity ratio of 22.68, indicating potential financial risk.

Ecora Resources PLC (LON:ECOR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 90.80 ($1.22) and last traded at GBX 90.20 ($1.22), with a volume of 641164 shares trading hands. The stock had previously closed at GBX 88.90 ($1.20).

Wall Street Analyst Weigh In

ECOR has been the subject of several recent analyst reports. Berenberg Bank restated a "buy" rating and set a GBX 120 price objective on shares of Ecora Resources in a research report on Tuesday, September 30th. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 150 price target on shares of Ecora Resources in a research note on Friday. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of GBX 135.

Ecora Resources Price Performance

The company has a quick ratio of 2.08, a current ratio of 0.60 and a debt-to-equity ratio of 22.68. The firm has a market capitalization of £224.65 million, a price-to-earnings ratio of -751.67, a P/E/G ratio of 0.12 and a beta of 0.62. The company has a fifty day moving average price of GBX 74.93 and a two-hundred day moving average price of GBX 65.21.

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.

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