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

Ecora Resources PLC (LON:ECOR - Get Free Report)'s stock price 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 ($0.90). Ecora Resources shares last traded at GBX 66.20 ($0.90), with a volume of 181,248 shares trading hands.

Wall Street Analyst Weigh In

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

Ecora Resources Stock Up 0.9%

The firm's fifty day moving average is GBX 58.46 and its 200-day moving average is GBX 60.10. The company has a market capitalization of £202.91 million, a P/E ratio of 8.71, a price-to-earnings-growth 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.

Ecora Resources Increases Dividend

The business also recently announced a dividend, which will be paid on Sunday, August 10th. Shareholders of record on Thursday, July 24th will be paid a dividend of $0.26 per share. This represents a dividend yield of 5.29%. The ex-dividend date is Thursday, July 24th. This is a boost from Ecora Resources's previous dividend of $0.02. Ecora Resources's payout ratio is presently 65.97%.

Insider Activity

In other news, insider Kevin Flynn sold 42,728 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of GBX 60 ($0.81), for a total transaction of £25,636.80 ($34,709.99). Also, insider Andrew Webb acquired 25,000 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The stock was bought at an average price of GBX 57 ($0.77) per share, with a total value of £14,250 ($19,293.26). 21.91% of the stock is 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.