Ecora Resources (LON:ECOR) Stock Passes Above 200 Day Moving Average - Time to Sell?

Shares of Ecora Resources PLC (LON:ECOR - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 60.16 ($0.81) and traded as high as GBX 66.40 ($0.89). Ecora Resources shares last traded at GBX 66.20 ($0.89), with a volume of 181,248 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ECOR. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 130 ($1.75) price objective on shares of Ecora Resources in a research note on Wednesday, April 23rd. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 150 ($2.02) price objective on shares of Ecora Resources in a research note on Wednesday, April 23rd.

Ecora Resources Stock Up 0.3%

The stock's 50-day moving average price is GBX 58.15 and its 200-day moving average price is GBX 60.16. The company has a market cap of £203.52 million, a P/E ratio of 8.73, a PEG ratio of 0.12 and a beta of 0.62. The company has a current ratio of 0.60, a quick ratio of 2.08 and a debt-to-equity ratio of 22.68.

Ecora Resources Increases Dividend

The company also recently declared a dividend, which will be paid on Sunday, August 10th. Shareholders of record on Thursday, July 24th will be issued a $0.26 dividend. The ex-dividend date 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 dividend payout ratio is presently 65.97%.

Insider Buying and Selling

In related news, insider Kevin Flynn sold 42,728 shares of the firm's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of GBX 60 ($0.81), for a total value of £25,636.80 ($34,476.60). Also, insider Andrew Webb bought 25,000 shares of the company's stock in a transaction dated Monday, March 31st. The stock was bought at an average price of GBX 57 ($0.77) per share, for a total transaction of £14,250 ($19,163.53). 21.91% of the stock is owned by company 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.

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