Ecora Resources (LON:ECOR) Sets New 12-Month High – Here’s What Happened

Shares of Ecora Resources PLC (LON:ECOR) hit a new 52-week high during trading on Monday . The company traded as high as GBX 117 and last traded at GBX 113.40, with a volume of 654817 shares traded. The stock had previously closed at GBX 113.20.

Analyst Upgrades and Downgrades

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

Ecora Resources Trading Up 0.2%

The business’s 50-day simple moving average is GBX 99.26 and its two-hundred day simple moving average is GBX 82.38. The firm has a market capitalization of £282.43 million, a price-to-earnings ratio of -9.45, 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 news, insider Christine Coignard acquired 11,400 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was acquired at an average cost of GBX 92 per share, with a total value of £10,488. Also, insider Kevin Flynn acquired 21,175 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was purchased at an average price of GBX 95 per share, for a total transaction of £20,116.25. In the last quarter, insiders purchased 64,575 shares of company stock valued at $6,036,425. Company insiders own 8.37% of the company’s stock.

About Ecora Resources

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.