Ecora Resources (LON:ECOR) Hits New 1-Year High – Here’s Why

Ecora Resources PLC (LON:ECOR)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 128.40 and last traded at GBX 124.43, with a volume of 1012718 shares changing hands. The stock had previously closed at GBX 122.81.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 120 price objective on shares of Ecora Resources in a research report on Tuesday, September 30th. Canaccord Genuity Group lifted their price target 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, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 137.50.

Ecora Resources Stock Up 1.3%

The firm’s fifty day simple moving average is GBX 105.15 and its two-hundred day simple moving average is GBX 86.37. The company has a market capitalization of £309.89 million, a price-to-earnings ratio of -10.37, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62. The company has a current ratio of 0.60, a quick ratio of 2.08 and a debt-to-equity ratio of 22.68.

Insider Transactions at Ecora Resources

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