Ecora Resources (LON:ECOR) Shares Cross Above 200 Day Moving Average – Here’s What Happened

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 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.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upped their target price on Ecora Resources from GBX 140 ($1.81) to GBX 145 ($1.87) and gave the stock a “buy” rating in a research note on Friday, January 31st.

Ecora Resources Price Performance

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

Ecora Resources Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 2nd were paid a $0.02 dividend. This represents a yield of 2.24%. The ex-dividend date of this dividend was Thursday, January 2nd. Ecora Resources’s payout ratio is 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.