Ecora Resources (LON:ECOR) Hits New 1-Year Low - Should You Sell?

Ecora Resources PLC (LON:ECOR - Get Free Report)'s stock price hit a new 52-week low during trading on Friday . The company traded as low as GBX 51.50 ($0.66) and last traded at GBX 52.50 ($0.67), with a volume of 925369 shares changing hands. The stock had previously closed at GBX 55 ($0.70).

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Berenberg Bank reaffirmed a "buy" rating and set a GBX 130 ($1.66) price objective on shares of Ecora Resources in a research report on Thursday, March 27th. Canaccord Genuity Group lifted their price target on Ecora Resources from GBX 140 ($1.79) to GBX 145 ($1.85) and gave the stock a "buy" rating in a report on Friday, January 31st.

Ecora Resources Stock Down 2.7 %

The firm's 50-day moving average price is GBX 60.45 and its two-hundred day moving average price is GBX 63. 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 firm has a market cap of £155.26 million, a PE ratio of 6.66, a P/E/G ratio of 0.12 and a beta of 0.62.

Ecora Resources Increases Dividend

The business also recently disclosed a dividend, which will be paid on Sunday, August 10th. Shareholders of record on Thursday, July 24th will be paid a $0.26 dividend. This represents a yield of 5.29%. The ex-dividend date is Thursday, July 24th. This is an increase from Ecora Resources's previous dividend of $0.02. Ecora Resources's dividend payout ratio is currently 65.97%.

Insiders Place Their Bets

In other news, insider Kevin Flynn sold 42,728 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of GBX 60 ($0.77), for a total value of £25,636.80 ($32,758.50). Also, insider Andrew Webb bought 25,000 shares of the stock in a transaction dated Monday, March 31st. The shares were acquired at an average price of GBX 57 ($0.73) per share, for a total transaction of £14,250 ($18,208.54). 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.