Ecora Resources (LON:ECOR) Receives “Buy” Rating from Canaccord Genuity Group

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity Group in a report released on Wednesday, LSE.Co.UK reports. They presently have a GBX 160 ($1.98) target price on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 102.28% from the company’s current price.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 150 ($1.85) price objective on shares of Ecora Resources in a research note on Wednesday, March 27th.

Ecora Resources Stock Down 0.4 %

LON ECOR traded down GBX 0.30 ($0.00) during trading hours on Wednesday, hitting GBX 79.10 ($0.98). The company had a trading volume of 726,455 shares, compared to its average volume of 555,204. The company has a debt-to-equity ratio of 10.43, a current ratio of 0.49 and a quick ratio of 2.08. Ecora Resources has a fifty-two week low of GBX 69.40 ($0.86) and a fifty-two week high of GBX 125.40 ($1.55). The firm’s 50 day moving average is GBX 77.10 and its 200 day moving average is GBX 86.17. The company has a market capitalization of £204.00 million, a price-to-earnings ratio of -1,574.00, a P/E/G ratio of 0.12 and a beta of 0.71.

Insider Activity at Ecora Resources

In other news, insider Marc Bishop Lafleche purchased 65,005 shares of the stock in a transaction dated Thursday, February 22nd. The shares were purchased at an average cost of GBX 77 ($0.95) per share, with a total value of £50,053.85 ($61,825.41). 18.74% of the stock is owned by corporate insiders.

About Ecora Resources

Ecora Resources PLC operates as a natural resource royalty and streaming company. It has royalties and investments in mining and exploration interests in cobalt, steelmaking coal, iron ore, copper, nickel, vanadium, uranium, calcium carbonate, chromite, gold, and silver primarily in Australia, North and South America, Europe, and internationally.