Ecora Resources (LON:ECOR) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

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 traded.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Berenberg Bank reissued 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 boosted their price target on Ecora Resources from GBX 140 ($1.74) to GBX 145 ($1.80) and gave the company a “buy” rating in a report on Friday, January 31st.

Ecora Resources Stock Performance

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

Ecora Resources Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd were issued 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 currently 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.