Ecora Resources (LON:ECOR) Reaches New 12-Month High - Time to Buy?

Ecora Resources PLC (LON:ECOR - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 74.50 ($1.00) and last traded at GBX 74 ($0.99), with a volume of 823725 shares trading hands. The stock had previously closed at GBX 71 ($0.95).

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 120 ($1.60) price objective on shares of Ecora Resources in a research report on Wednesday, July 23rd. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 150 ($2.00) price objective on shares of Ecora Resources in a research report on Wednesday, July 23rd.

Ecora Resources Trading Up 1.8%

The business has a fifty day simple moving average of GBX 64.07 and a 200-day simple moving average of GBX 60.55. 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 firm has a market cap of £228.72 million, a price-to-earnings ratio of 9.82, a PEG ratio of 0.12 and a beta of 0.62.

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.