Ecora Resources (LON:ECOR) Given “Buy” Rating at Canaccord Genuity Group

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Wednesday, Digital Look reports. They presently have a GBX 165 ($2.09) target price on the stock. Canaccord Genuity Group’s target price points to a potential upside of 117.11% from the company’s current price.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 150 ($1.90) price target on shares of Ecora Resources in a report on Wednesday.

Ecora Resources Price Performance

Shares of ECOR traded up GBX 3.60 ($0.05) during trading hours on Wednesday, reaching GBX 76 ($0.96). The company had a trading volume of 1,867,286 shares, compared to its average volume of 408,043. The firm has a 50 day simple moving average of GBX 79.60 and a 200-day simple moving average of GBX 89.73. The company has a current ratio of 0.49, a quick ratio of 2.08 and a debt-to-equity ratio of 10.43. The company has a market capitalization of £196.00 million, a price-to-earnings ratio of -1,520.00, a PEG ratio of 0.12 and a beta of 0.71. Ecora Resources has a 12-month low of GBX 69.40 ($0.88) and a 12-month high of GBX 128.80 ($1.63).

Insider Buying and Selling at Ecora Resources

In other Ecora Resources news, insider Marc Bishop Lafleche bought 65,005 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was purchased at an average cost of GBX 77 ($0.97) per share, for a total transaction of £50,053.85 ($63,255.21). 18.74% of the stock is currently owned by insiders.

Ecora Resources Company Profile

Ecora Resources PLC operates as a natural resource royalty and streaming company. It has royalties and investments in mining and exploration interests in cobalt, steelmaking coal, iron ore, copper, nickel, vanadium, uranium, calcium carbonate, chromite, gold, and silver primarily in Australia, North and South America, Europe, and internationally.