Ecora Resources (LON:ECOR) Shares Cross Above 200 Day Moving Average - Here's What Happened

Shares of Ecora Resources PLC (LON:ECOR - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 60.14 ($0.82) and traded as high as GBX 63.50 ($0.86). Ecora Resources shares last traded at GBX 62.80 ($0.85), with a volume of 541,742 shares trading hands.

Analyst Ratings Changes

A number of equities analysts recently commented on ECOR shares. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 130 ($1.76) target price on shares of Ecora Resources in a report on Wednesday, April 23rd. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 150 ($2.04) price objective on shares of Ecora Resources in a research note on Wednesday, April 23rd.

Ecora Resources Price Performance

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 company has a market cap of £196.76 million, a P/E ratio of 8.44, a P/E/G ratio of 0.12 and a beta of 0.62. The firm's fifty day moving average is GBX 56.61 and its two-hundred day moving average is GBX 60.13.

Ecora Resources Increases Dividend

The firm also recently announced 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 is Thursday, July 24th. This represents a dividend yield of 5.29%. This is a boost from Ecora Resources's previous dividend of $0.02. Ecora Resources's dividend payout ratio (DPR) is currently 65.97%.

Insider Activity at Ecora Resources

In related news, insider Kevin Flynn sold 42,728 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of GBX 60 ($0.81), for a total transaction of £25,636.80 ($34,785.35). Also, insider Andrew Webb acquired 25,000 shares of Ecora Resources stock in a transaction on Monday, March 31st. The stock was purchased at an average cost of GBX 57 ($0.77) per share, for a total transaction of £14,250 ($19,335.14). 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.