Ecora Resources (LON:ECOR) Shares Cross Above 200-Day Moving Average – Should You Sell?

Ecora Resources PLC (LON:ECOR) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 65.28 ($0.81) and traded as high as GBX 65.60 ($0.81). Ecora Resources shares last traded at GBX 63.90 ($0.79), with a volume of 293,085 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 150 ($1.86) price objective on shares of Ecora Resources in a report on Wednesday, October 23rd.

Ecora Resources Stock Performance

The company has a debt-to-equity ratio of 21.86, a quick ratio of 2.08 and a current ratio of 3.04. The firm’s 50-day moving average price is GBX 63.55 and its two-hundred day moving average price is GBX 65.28. The stock has a market cap of £158.84 million, a price-to-earnings ratio of 1,064.92, a PEG ratio of 0.12 and a beta of 0.62.

Ecora Resources Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd will be given a $0.02 dividend. This represents a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, January 2nd. Ecora Resources’s payout ratio is 8,333.33%.

Insider Transactions at Ecora Resources

In related news, insider Marc Bishop Lafleche purchased 100,000 shares of Ecora Resources stock in a transaction dated Thursday, October 24th. The shares were acquired at an average price of GBX 63 ($0.78) per share, with a total value of £63,000 ($78,260.87). Corporate insiders own 21.91% of the company’s stock.

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.