Ecora Resources (LON:ECOR) Hits New 52-Week High – Here’s What Happened

Ecora Resources PLC (LON:ECOR) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 118 and last traded at GBX 116.21, with a volume of 402889 shares trading hands. The stock had previously closed at GBX 115.80.

Wall Street Analysts Forecast Growth

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

Ecora Resources Stock Down 0.0%

The stock’s 50 day simple moving average is GBX 104.02 and its two-hundred day simple moving average is GBX 85.27. The firm has a market cap of £293.35 million, a P/E ratio of -9.82, a P/E/G ratio of 0.12 and a beta of 0.62. The company has a debt-to-equity ratio of 22.68, a current ratio of 0.60 and a quick ratio of 2.08.

Insider Activity at Ecora Resources

In related news, insider Kevin Flynn bought 21,175 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were purchased at an average cost of GBX 95 per share, with a total value of £20,116.25. Also, insider Marc Bishop Lafleche purchased 32,000 shares of Ecora Resources stock in a transaction dated Tuesday, November 4th. The shares were bought at an average price of GBX 93 per share, with a total value of £29,760. Insiders purchased a total of 64,575 shares of company stock valued at $6,036,425 in the last 90 days. Corporate insiders own 8.37% of the company’s stock.

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.