Insider Purchase by Ecora Resources PLC Executive

Ecora Resources PLC (LON:ECOR) recently saw insider Andrew Webb buy 25,000 shares of its stock on March 31st. The shares were acquired at an average price of GBX 57 ($0.74) per share, totaling £14,250 ($18,425.14).

Stock Performance Overview

As of Monday, the stock of ECOR experienced a slight decline, dropping by GBX 2.60 ($0.03) during trading to close at GBX 57.20 ($0.74). The trading volume reached 1,014,884 shares, notably above the average volume of 548,834 shares. Ecora Resources currently holds a market capitalization of £175.85 million. The company has a price-to-earnings (PE) ratio of 7.55 and a price-to-earnings-growth (PEG) ratio of 0.12, with a beta of 0.62. Over the past year, the stock has fluctuated, with a low of GBX 54.20 ($0.70) and a high of GBX 88.90 ($1.15). Its 50-day and 200-day moving averages stand at GBX 61.59 and GBX 63.69, respectively. Additionally, the company’s current ratio is 0.60, the quick ratio is 2.08, and it has a debt-to-equity ratio of 22.68.

Recent Dividend Announcement

Ecora Resources has also announced a new dividend set to be paid on August 10th. Shareholders registered by July 24th will receive a dividend payout of $0.26, which translates to a yield of 5.29%. This marks an increase from the previous dividend of $0.02. The ex-dividend date is also on July 24th, and the current dividend payout ratio for Ecora stands at 65.97%.

Analysts and Price Target Updates

The stock has been discussed in several recent analyst reports. Berenberg Bank reaffirmed a "buy" rating for Ecora Resources with a price target of GBX 130 ($1.68). Meanwhile, Canaccord Genuity Group raised their price target from GBX 140 ($1.81) to GBX 145 ($1.87), maintaining a "buy" rating.

Company Background

Ecora Resources is a prominent royalty investment company that specializes in commodities crucial for fostering a sustainable future. It is publicly listed on both the London and Toronto Stock Exchanges. The company aims to be a globally recognized leader in the royalty sector, associated with commodities that promote sustainability by diversifying and expanding its royalty portfolio.

Ecora, shares, dividend