Ecora Resources PLC (LON:ECOR) Insider Buys £14,250 in Stock

Ecora Resources PLC (LON:ECOR) insider Andrew Webb purchased 25,000 shares of the business’s stock in a transaction on Monday, March 31st. The shares were bought at an average price of GBX 57 ($0.74) per share, for a total transaction of £14,250 ($18,425.14).

Ecora Resources Stock Performance

Shares of ECOR stock traded down GBX 2.60 ($0.03) during trading hours on Monday, hitting GBX 57.20 ($0.74). The company’s stock had a trading volume of 1,014,884 shares, compared to its average volume of 548,834. The stock has a market cap of £175.85 million, a PE ratio of 7.55, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62. Ecora Resources PLC has a 12-month low of GBX 54.20 ($0.70) and a 12-month high of GBX 88.90 ($1.15). The company has a 50 day moving average of GBX 61.59 and a 200 day moving average of GBX 63.69. The company has a current ratio of 0.60, a quick ratio of 2.08 and a debt-to-equity ratio of 22.68.

Ecora Resources Increases Dividend

The firm also recently declared a dividend, which will be paid on Sunday, August 10th. Shareholders of record on Thursday, July 24th will be issued a $0.26 dividend. This represents a yield of 5.29%. This is a positive change from Ecora Resources’s previous dividend of $0.02. The ex-dividend date is Thursday, July 24th. Ecora Resources’s dividend payout ratio is presently 65.97%.

Analysts Set New Price Targets

ECOR has been the topic of a number of research analyst reports. Berenberg Bank reissued a “buy” rating and set a GBX 130 ($1.68) price objective on shares of Ecora Resources in a report on Thursday. Canaccord Genuity Group boosted their price target on Ecora Resources from GBX 140 ($1.81) to GBX 145 ($1.87) and gave the company a “buy” rating in a research note on Friday, January 31st.

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.