Ecora Resources (LON:ECOR) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Ecora Resources PLC (LON:ECOR) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 64.06 ($0.79) and traded as high as GBX 64.30 ($0.80). Ecora Resources shares last traded at GBX 62.90 ($0.78), with a volume of 248,813 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Berenberg Bank restated a “buy” rating and issued a GBX 150 ($1.86) price objective on shares of Ecora Resources in a report on Wednesday, October 23rd. Canaccord Genuity Group upped their price target on Ecora Resources from GBX 140 ($1.74) to GBX 145 ($1.80) and gave the stock a “buy” rating in a research note on Friday, January 31st.

Ecora Resources Price Performance

The company’s 50-day moving average price is GBX 63.18 and its 200-day moving average price is GBX 64.06. The company has a quick ratio of 2.08, a current ratio of 3.04 and a debt-to-equity ratio of 21.86. The firm has a market cap of £156.36 million, a price-to-earnings ratio of 1,048.25, a PEG ratio of 0.12 and a beta of 0.62.

Ecora Resources Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a yield of 2.24%. Ecora Resources’s dividend payout ratio (DPR) is presently 8,333.33%.

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.