Ecora Resources (LON:ECOR) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Ecora Resources PLC (LON:ECOR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 80.01 and traded as high as GBX 109.20. Ecora Resources shares last traded at GBX 109.20, with a volume of 604,628 shares trading hands.

Analyst Ratings Changes

Several analysts recently issued reports on ECOR shares. Canaccord Genuity Group upped their price objective on shares of Ecora Resources from GBX 150 to GBX 155 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Berenberg Bank reiterated a “buy” rating and issued a GBX 120 price objective on shares of Ecora Resources in a research note on Tuesday, September 30th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 137.50.

Ecora Resources Stock Up 1.5%

The company has a debt-to-equity ratio of 22.68, a quick ratio of 2.08 and a current ratio of 0.60. The company has a market capitalization of £275.95 million, a price-to-earnings ratio of -9.23, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62. The firm’s 50-day simple moving average is GBX 97.06 and its 200-day simple moving average is GBX 80.34.

Insider Buying and Selling

In other news, insider Marc Bishop Lafleche acquired 32,000 shares of Ecora Resources stock in a transaction on Tuesday, November 4th. The stock was bought at an average price of GBX 93 per share, for a total transaction of £29,760. Also, insider Christine Coignard acquired 11,400 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were purchased at an average cost of GBX 92 per share, for a total transaction of £10,488. Insiders have bought a total of 64,575 shares of company stock valued at $6,036,425 over the last three months. 8.37% of the stock is owned by corporate insiders.

Ecora Resources Company Profile

Ecora Resources is a leading royalty company focused on supporting the supply of commodities essential to creating
a sustainable future. The company is listed on both the London and Toronto Stock Exchange.
Our vision is to be globally recognised as the royalty company of choice synonymous with commodities that support a
sustainable future by continuing to grow and diversify our royalty portfolio in line with our strategy. We will achieve this
through building a diversified portfolio of scale over high quality assets that drives low volatility earnings growth and
shareholder returns.