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

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Ecora Resources PLC (LON:ECOR - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Analysts Set New Price Targets

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

Get Our Latest Research Report on Ecora Resources

Ecora Resources Stock Up 6.3 %

The stock has a 50-day moving average of GBX 61.65 and a 200-day moving average of GBX 63.63. The firm has a market cap of £202.91 million, a price-to-earnings ratio of 8.71, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62. The company has a current ratio of 0.60, a quick ratio of 2.08 and a debt-to-equity ratio of 22.68.

Ecora Resources Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd were given a $0.02 dividend. This represents a yield of 2.24%. The ex-dividend date was Thursday, January 2nd. Ecora Resources's dividend payout ratio (DPR) is 65.97%.

About Ecora Resources

(Get Free Report)

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.

Further Reading

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