Insider Buying: Ecora Resources PLC (LON:ECOR) Insider Purchases 100,000 Shares of Stock

Ecora Resources PLC (LON:ECOR) insider Marc Bishop Lafleche acquired 100,000 shares of Ecora Resources stock in a transaction that occurred on Thursday, October 24th. The stock was acquired at an average cost of GBX 63 ($0.82) per share, for a total transaction of £63,000 ($81,796.94).

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

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

Ecora Resources Stock Performance

Shares of ECOR opened at GBX 63.60 ($0.83) on Monday. The stock has a market capitalization of £158.11 million, a P/E ratio of 1,060.00, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62. The firm’s fifty day simple moving average is GBX 65.30 and its two-hundred day simple moving average is GBX 71.53. The company has a current ratio of 3.04, a quick ratio of 2.08 and a debt-to-equity ratio of 21.86. Ecora Resources PLC has a 12 month low of GBX 54.20 ($0.70) and a 12 month high of GBX 101 ($1.31).

Ecora Resources Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.02 per share. The ex-dividend date is Thursday, January 2nd. This represents a dividend yield of 2.24%. Ecora Resources’s dividend payout ratio (DPR) is presently 8,333.33%.

Wall Street Analysts Forecast Growth

ECOR has been the topic of a number of research analyst reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 150 ($1.95) price target on shares of Ecora Resources in a research report on Wednesday, October 23rd. Royal Bank of Canada upped their price target on shares of Ecora Resources from GBX 100 ($1.30) to GBX 120 ($1.56) and gave the company an “outperform” rating in a research report on Thursday, September 5th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 150 ($1.95) price target on shares of Ecora Resources in a research report on Wednesday, September 4th.

About Ecora Resources

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.