Ecora Resources (LON:ECOR) Shares Pass Above 200-Day Moving Average - What's Next?

Ecora Resources PLC (LON:ECOR - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 60.23 ($0.82) and traded as high as GBX 63.10 ($0.85). Ecora Resources shares last traded at GBX 63.10 ($0.85), with a volume of 565,166 shares changing hands.

Analyst Upgrades and Downgrades

ECOR has been the subject of several analyst reports. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 130 ($1.76) price objective on shares of Ecora Resources in a report on Wednesday, April 23rd. Canaccord Genuity Group reissued a "buy" rating and set a GBX 150 ($2.03) price target on shares of Ecora Resources in a report on Wednesday, April 23rd.

Ecora Resources Price Performance

The company has a market cap of £191.53 million, a price-to-earnings ratio of 8.22, a PEG ratio of 0.12 and a beta of 0.62. 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 business has a fifty day moving average price of GBX 55.75 and a 200 day moving average price of GBX 60.15.

Ecora Resources Increases Dividend

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

Insider Buying and Selling

In other news, insider Kevin Flynn sold 42,728 shares of the business'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 ($34,700.60). Also, insider Andrew Webb purchased 25,000 shares of the business's stock in a transaction on Monday, March 31st. The stock was purchased at an average price of GBX 57 ($0.77) per share, for a total transaction of £14,250 ($19,288.03). 21.91% of the stock is currently owned by corporate insiders.

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.