Ecora Resources (LON:ECOR) Given “Buy” Rating at Canaccord Genuity Group

Ecora Resources (LON:ECOR)‘s stock had its “buy” rating reissued by equities research analysts at Canaccord Genuity Group in a research note issued to investors on Wednesday, LSE.Co.UK reports. They presently have a GBX 160 ($1.98) target price on the stock. Canaccord Genuity Group’s price target points to a potential upside of 102.28% from the stock’s current price.

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 150 ($1.85) price target on shares of Ecora Resources in a report on Wednesday, March 27th.

Ecora Resources Trading Down 0.4 %

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

Insiders Place Their Bets

In other Ecora Resources news, insider Marc Bishop Lafleche bought 65,005 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was acquired at an average price of GBX 77 ($0.95) per share, for a total transaction of £50,053.85 ($61,825.41). 18.74% of the stock is owned by 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.