1.1 Company Overview: Ecora Resources PLC (LON: ECOR) is a UK-based royalty company. The group hold royalties and investments in mining and exploration interests mainly in Australia, South America, North America, and Europe, with diversified exposure to commodities like cobalt, copper, iron ore, vanadium, steel-making coal, uranium, and gold. ­­­­­­­­­ Kalkine’s Global Fully Charged Report covers the Key Financial Metrics, Management Insights, Risks, Outlook, Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.

Net debt as of 31 December 2022 stood at USD 36mn, down from USD 90mn registered on 31 December 2021. Future facing commodities represent nearly 85% of ECOR's royalty assets on balance sheet for the financial year ended 2022.

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is neither an indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 9 May 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual’s appetite for upside potential, risks, holding duration, and any previous holdings. An ‘Exit’ from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.