Ecora Resources (LON:ECOR) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Ecora Resources PLC (LON:ECOR) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 97.81 and traded as high as GBX 147.60. Ecora Resources shares last traded at GBX 140, with a volume of 400,677 shares changing hands.

Wall Street Analysts Forecast Growth

ECOR has been the topic of several research reports. Canaccord Genuity Group raised their price target on Ecora Resources from GBX 155 to GBX 185 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Berenberg Bank reiterated a “buy” rating and set a GBX 150 target price on shares of Ecora Resources in a report on Friday, January 23rd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Ecora Resources currently has a consensus rating of “Buy” and an average price target of GBX 167.50.

Ecora Resources Price Performance

The stock’s fifty day simple moving average is GBX 124.89 and its 200 day simple moving average is GBX 97.81. The firm has a market capitalization of £344.84 million, a P/E ratio of -11.54, a P/E/G ratio of 0.12 and a beta of 0.62. The company has a debt-to-equity ratio of 22.68, a current ratio of 0.60 and a quick ratio of 2.08.

About Ecora Resources

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.