Ecora Resources (LON:ECOR) Share Price Passes Above 200-Day Moving Average - What's Next?

Ecora Resources PLC (LON:ECOR - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 60.23 ($0.82) and traded as high as GBX 63.10 ($0.86). Ecora Resources shares last traded at GBX 63.10 ($0.86), with a volume of 565,166 shares traded.

Wall Street Analysts Forecast Growth

ECOR has been the subject of several recent research reports. Berenberg Bank reissued a "buy" rating and issued a GBX 130 ($1.77) price target on shares of Ecora Resources in a research report on Wednesday, April 23rd. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 150 ($2.04) price target on shares of Ecora Resources in a research report on Wednesday, April 23rd.

Ecora Resources Stock Up 1.0%

The company has a 50-day moving average of GBX 55.70 and a 200-day moving average of GBX 60.22. 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 company has a market capitalization of £195.84 million, a price-to-earnings ratio of 8.41, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62.

Ecora Resources Increases Dividend

The company also recently disclosed a dividend, which will be paid on Sunday, August 10th. Stockholders of record on Thursday, July 24th will be issued a $0.26 dividend. The ex-dividend date is Thursday, July 24th. This is a positive change from Ecora Resources's previous dividend of $0.02. This represents a dividend yield of 5.29%. Ecora Resources's dividend payout ratio is currently 65.97%.

Insider Activity

In related news, insider Andrew Webb bought 25,000 shares of the stock in a transaction dated Monday, March 31st. The shares were purchased at an average price of GBX 57 ($0.77) per share, for a total transaction of £14,250 ($19,350.90). Also, insider Kevin Flynn sold 42,728 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of GBX 60 ($0.81), for a total value of £25,636.80 ($34,813.69). Corporate insiders own 21.91% of the company's stock.

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.