Ecora Resources (LON:ECOR) Stock Price Down 0.3% - Here's Why

Ecora Resources PLC (LON:ECOR - Get Free Report) fell 0.3% during trading on Tuesday . The company traded as low as GBX 64.60 ($0.82) and last traded at GBX 65.40 ($0.83). 727,195 shares were traded during mid-day trading, an increase of 26% from the average session volume of 577,648 shares. The stock had previously closed at GBX 65.60 ($0.84).

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Royal Bank of Canada raised their price target on shares of Ecora Resources from GBX 100 ($1.28) to GBX 120 ($1.53) and gave the stock an "outperform" rating in a research note on Thursday, September 5th. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 150 ($1.91) target price on shares of Ecora Resources in a research report on Wednesday, September 4th. Finally, Berenberg Bank reiterated a "buy" rating and issued a GBX 150 ($1.91) price target on shares of Ecora Resources in a report on Wednesday, October 23rd.

Ecora Resources Stock Performance

The company has a quick ratio of 2.08, a current ratio of 3.04 and a debt-to-equity ratio of 21.86. The stock's 50 day moving average is GBX 64.51 and its two-hundred day moving average is GBX 66.91. The company has a market capitalization of £162.58 million, a PE ratio of 1,090.00, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62.

Insider Transactions at Ecora Resources

In related news, insider Marc Bishop Lafleche bought 100,000 shares of the business's stock in a transaction on Thursday, October 24th. The shares were bought at an average price of GBX 63 ($0.80) per share, for a total transaction of £63,000 ($80,367.39). Corporate insiders own 21.91% of the company's stock.

Ecora Resources Company Profile

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.