Ecora Resources PLC (LON:ECOR) Insider Acquires £63,000 in Stock

Ecora Resources PLC (LON:ECOR - Get Free Report) insider Marc Bishop Lafleche purchased 100,000 shares of the stock in a transaction on Thursday, October 24th. The shares were purchased at an average cost of GBX 63 ($0.82) per share, with a total value of £63,000 ($81,796.94).

Marc Bishop Lafleche also recently made the following trade(s):

• On Monday, July 29th, Marc Bishop Lafleche purchased 75,000 shares of Ecora Resources stock. The shares were acquired at an average cost of GBX 64 ($0.83) per share, with a total value of £48,000 ($62,321.47).

Ecora Resources Price Performance

Ecora Resources stock traded up GBX 1 ($0.01) during midday trading on Friday, reaching GBX 63.60 ($0.83). The company had a trading volume of 838,623 shares, compared to its average volume of 589,297. The company has a debt-to-equity ratio of 21.86, a current ratio of 3.04 and a quick ratio of 2.08. Ecora Resources PLC has a 12-month low of GBX 54.20 ($0.70) and a 12-month high of GBX 101 ($1.31). The company has a market capitalization of £158.11 million, a P/E ratio of 1,060.00, a P/E/G ratio of 0.12 and a beta of 0.62. The firm's fifty day simple moving average is GBX 65.30 and its 200-day simple moving average is GBX 71.70.

Ecora Resources Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd will be paid a $0.02 dividend. This represents a dividend yield of 2.24%. The ex-dividend date is Thursday, January 2nd. Ecora Resources's dividend payout ratio is presently 8,333.33%.

Analyst Upgrades and Downgrades

ECOR has been the subject of several recent research reports. Berenberg Bank reissued a "buy" rating and set a GBX 150 ($1.95) target price on shares of Ecora Resources in a report on Wednesday. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 150 ($1.95) price objective on shares of Ecora Resources in a research note on Wednesday, September 4th. Finally, Royal Bank of Canada upped their target price on Ecora Resources from GBX 100 ($1.30) to GBX 120 ($1.56) and gave the stock an "outperform" rating in a research note on Thursday, September 5th.

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.