Ecora Resources (LON:ECOR) Hits New 1-Year Low at $60.00

Ecora Resources PLC (LON:ECOR) reached a new 52-week low during trading on Monday . The company traded as low as GBX 60 ($0.77) and last traded at GBX 63.20 ($0.81), with a volume of 1990564 shares. The stock had previously closed at GBX 63.10 ($0.81).

Wall Street Analysts Forecast Growth

ECOR has been the topic of several recent analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 63 ($0.81) target price on shares of Ecora Resources in a research note on Wednesday, July 24th. Berenberg Bank reissued a “buy” rating and issued a GBX 140 ($1.79) target price on shares of Ecora Resources in a report on Thursday, July 11th.

Ecora Resources Price Performance

The company has a debt-to-equity ratio of 17.79, a current ratio of 0.60 and a quick ratio of 2.08. The stock has a market capitalization of £157.00 million, a P/E ratio of -1,718.00, a P/E/G ratio of 0.12 and a beta of 0.65. The firm has a fifty day moving average of GBX 71.24 and a two-hundred day moving average of GBX 77.59.

Ecora Resources Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, June 5th. Shareholders of record on Thursday, May 9th were paid a $0.02 dividend. This represents a yield of 1.99%. The ex-dividend date of this dividend was Thursday, May 9th.

Insider Buying and Selling

In related news, insider Marc Bishop Lafleche purchased 75,000 shares of the business’s stock in a transaction on Monday, July 29th. The shares were bought at an average cost of GBX 64 ($0.82) per share, with a total value of £48,000 ($61,341.85). In other news, insider Marc Bishop Lafleche bought 75,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was purchased at an average cost of GBX 64 ($0.82) per share, for a total transaction of £48,000 ($61,341.85). Also, insider Graeme Dacomb purchased 20,000 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were purchased at an average cost of GBX 75 ($0.96) per share, for a total transaction of £15,000 ($19,169.33). Insiders bought 183,083 shares of company stock valued at $12,906,225 over the last quarter. 22.78% of the stock is currently owned by company insiders.

About Ecora Resources

Ecora Resources PLC operates as a natural resource royalty and streaming company in Australia, North and South America, Europe, and internationally. It has royalties and investments in mining and exploration interests in cobalt, steelmaking coal, iron ore, copper, nickel, vanadium, uranium, coking coal, calcium carbonate, chromite, gold, and silver.