Ecora Resources (LON:ECOR) Sets New 52-Week Low – Should You Sell?

Ecora Resources PLC (LON:ECOR)’s share price hit a new 52-week low on Friday . The stock traded as low as GBX 51.50 ($0.66) and last traded at GBX 52.50 ($0.68), with a volume of 925369 shares. The stock had previously closed at GBX 55 ($0.71).

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ECOR. Canaccord Genuity Group increased their price target on Ecora Resources from GBX 140 ($1.81) to GBX 145 ($1.87) and gave the stock a “buy” rating in a research note on Friday, January 31st. Berenberg Bank reiterated a “buy” rating and set a GBX 130 ($1.68) price objective on shares of Ecora Resources in a research report on Thursday, March 27th.

Ecora Resources Trading Down 4.5 %

The company’s 50 day simple moving average is GBX 61.06 and its 200-day simple moving average is GBX 63.37. The firm has a market cap of £161.40 million, a P/E ratio of 6.93, a P/E/G 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.

Ecora Resources Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 25th. Shareholders of record on Thursday, June 26th will be issued a dividend of $0.26 per share. This represents a yield of 5.29%. This is a boost from Ecora Resources’s previous dividend of $0.02. The ex-dividend date of this dividend is Thursday, June 26th. Ecora Resources’s dividend payout ratio is presently 65.97%.

Insider Buying and Selling

In other Ecora Resources news, insider Andrew Webb bought 25,000 shares of Ecora Resources stock in a transaction that occurred on Monday, March 31st. The shares were bought at an average cost of GBX 57 ($0.74) per share, with a total value of £14,250 ($18,375.24). Also, insider Kevin Flynn sold 42,728 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of GBX 60 ($0.77), for a total value of £25,636.80 ($33,058.41). 21.91% of the stock is currently 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.