Ecora Resources (LON:ECOR) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Ecora Resources PLC (LON:ECOR) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 63.57 ($0.82) and traded as high as GBX 64.70 ($0.84). Ecora Resources shares last traded at GBX 62.25 ($0.80), with a volume of 1,305,334 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group increased 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 Stock Performance

The company has a debt-to-equity ratio of 22.68, a quick ratio of 2.08 and a current ratio of 0.60. The stock’s 50 day moving average price is GBX 61.63 and its 200 day moving average price is GBX 63.61. The company has a market capitalization of £191.38 million, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62.

Ecora Resources Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd were given 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 currently 65.97%.

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.