Shares of Ecora Resources PLC (LON:ECOR – Get Rating) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 159.34 ($1.93) and traded as high as GBX 162 ($1.96). Ecora Resources shares last traded at GBX 157 ($1.90), with a volume of 150,502 shares changing hands.
Analysts Set New Price Targets
ECOR has been the subject of a number of recent research reports. Berenberg Bank dropped their price objective on shares of Ecora Resources from GBX 390 ($4.71) to GBX 330 ($3.99) and set a “buy” rating for the company in a research note on Saturday, October 8th. Beaufort Securities cut their price objective on Ecora Resources from GBX 400 ($4.83) to GBX 390 ($4.71) and set a “buy” rating on the stock in a research note on Thursday, July 28th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 320 ($3.87) target price on shares of Ecora Resources in a report on Tuesday, October 25th.
The company has a quick ratio of 2.08, a current ratio of 2.46 and a debt-to-equity ratio of 9.70. The firm has a market capitalization of £404.83 million and a price-to-earnings ratio of 307.84. The stock’s 50 day moving average price is GBX 159.46 and its two-hundred day moving average price is GBX 159.34.
Insider Transactions at Ecora Resources
In related news, insider Marc Bishop Lafleche purchased 13,245 shares of the company’s stock in a transaction dated Monday, September 26th. The shares were acquired at an average cost of GBX 151 ($1.82) per share, with a total value of £19,999.95 ($24,166.20). In other Ecora Resources news, insider Marc Bishop Lafleche bought 13,245 shares of the stock in a transaction on Monday, September 26th. The shares were purchased at an average cost of GBX 151 ($1.82) per share, with a total value of £19,999.95 ($24,166.20). Also, insider Robert Stan purchased 25,100 shares of the stock in a transaction dated Thursday, September 1st. The stock was acquired at an average cost of GBX 164 ($1.98) per share, for a total transaction of £41,164 ($49,739.00).
About Ecora Resources
Ecora Resources PLC operates as a natural resources royalty and streaming company. The company has royalties and investments in mining and exploration interests in cobalt, coking coal, iron ore, copper, vanadium, uranium, and gold primarily in Australia, North and South America, and Europe. The company was formerly known as Anglo Pacific Group plc and changed its name to Ecora Resources PLC in October 2022.
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