Ecora Resources (LON:ECOR) Sets New 1-Year High – Here’s What Happened

Ecora Resources PLC (LON:ECOR)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 114 and last traded at GBX 113.60, with a volume of 1745753 shares changing hands. The stock had previously closed at GBX 110.80.

Analysts Set New Price Targets

Several brokerages recently commented on ECOR. Canaccord Genuity Group increased their price target on Ecora Resources from GBX 150 to GBX 155 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Berenberg Bank reiterated a “buy” rating and set a GBX 120 price objective on shares of Ecora Resources in a research note on Tuesday, September 30th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Ecora Resources presently has an average rating of “Buy” and an average price target of GBX 137.50.

Ecora Resources Price Performance

The business has a fifty day moving average of GBX 98.32 and a 200 day moving average of GBX 81.52. The firm has a market cap of £281.93 million, a P/E ratio of -9.43, a PEG ratio of 0.12 and a beta of 0.62. The company has a quick ratio of 2.08, a current ratio of 0.60 and a debt-to-equity ratio of 22.68.

Insider Buying and Selling

In other Ecora Resources news, insider Kevin Flynn purchased 21,175 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were acquired at an average price of GBX 95 per share, for a total transaction of £20,116.25. Also, insider Marc Bishop Lafleche purchased 32,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were acquired at an average cost of GBX 93 per share, with a total value of £29,760. In the last three months, insiders have acquired 64,575 shares of company stock valued at $6,036,425. 8.37% of the stock is owned by 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. We will achieve this
through building a diversified portfolio of scale over high quality assets that drives low volatility earnings growth and
shareholder returns.