Ecora Resources (LON:ECOR) Sets New 12-Month High - Here's Why

Key Points

• Ecora Resources PLC's stock price hit a new 52-week high at GBX 93.30, closing at GBX 92.50 with a trading volume of 524,544 shares on Monday.
• Analysts have maintained positive outlooks on the stock, with Canaccord Genuity setting a price target of GBX 150 and Berenberg Bank targeting GBX 120, reflecting an average target price of GBX 135.
• The company has a market capitalization of £230.38 million and a low debt-to-equity ratio of 22.68, indicating a strong financial position.

Ecora Resources PLC (LON:ECOR - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as GBX 93.30 ($1.24) and last traded at GBX 92.50 ($1.23), with a volume of 524544 shares trading hands. The stock had previously closed at GBX 89.70 ($1.20).

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Canaccord Genuity Group restated a "buy" rating and set a GBX 150 price objective on shares of Ecora Resources in a research report on Friday, October 3rd. Berenberg Bank reissued a "buy" rating and issued a GBX 120 price target on shares of Ecora Resources in a research note on Tuesday, September 30th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of GBX 135.

Ecora Resources Stock Up 3.1%

The company has a 50-day moving average of GBX 76.60 and a two-hundred day moving average of GBX 65.94. 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 company has a market capitalization of £230.38 million, a P/E ratio of -770.83, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62.

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.

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