Ecora Resources PLC (LON:ECOR) Insider Buys £14,250 in Stock

Ecora Resources PLC (LON:ECOR - Get Free Report) insider Andrew Webb purchased 25,000 shares of the business's stock in a transaction dated Monday, March 31st. The shares were purchased at an average cost of GBX 57 ($0.74) per share, for a total transaction of £14,250 ($18,382.35).

Ecora Resources Stock Down 4.5 %

Shares of ECOR traded down GBX 2.50 ($0.03) during midday trading on Friday, hitting GBX 52.50 ($0.68). The stock had a trading volume of 925,369 shares, compared to its average volume of 563,390. The firm has a market cap of £161.40 million, a price-to-earnings ratio of 6.93, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62. The company has a 50 day simple moving average of GBX 61.26 and a two-hundred day simple moving average of GBX 63.51. Ecora Resources PLC has a twelve month low of GBX 51.80 ($0.67) and a twelve month high of GBX 88.90 ($1.15). The company has a debt-to-equity ratio of 22.68, a current ratio of 0.60 and a quick ratio of 2.08.

Ecora Resources Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 25th. Investors of record on Thursday, June 26th will be issued a dividend of $0.26 per share. The ex-dividend date is Thursday, June 26th. This is an increase from Ecora Resources's previous dividend of $0.02. This represents a dividend yield of 5.29%. Ecora Resources's dividend payout ratio (DPR) is presently 65.97%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. 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 note on Friday, January 31st. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 130 ($1.68) target price on shares of Ecora Resources in a research note on Thursday, March 27th.

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.