Ecora Resources (LON:ECOR) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Ecora Resources PLC (LON:ECOR) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 124.35 and traded as high as GBX 152.20. Ecora Resources shares last traded at GBX 148.39, with a volume of 293,390 shares.

Analyst Ratings Changes

Several brokerages have recently commented on ECOR. Canaccord Genuity Group restated a “buy” rating and set a GBX 185 target price on shares of Ecora Resources in a report on Wednesday, April 29th. Berenberg Bank restated a “buy” rating and set a GBX 180 target price on shares of Ecora Resources in a report on Wednesday, April 29th. Finally, Royal Bank Of Canada restated a “buy” rating and set a GBX 175 target price on shares of Ecora Resources in a report on Wednesday, March 18th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 180.

Ecora Resources Stock Down 1.1%

The firm has a fifty day moving average price of GBX 137.38 and a 200 day moving average price of GBX 124.35. The company has a market cap of £370.16 million, a P/E ratio of 16.71, a PEG ratio of 0.12 and a beta of 0.47. The company has a quick ratio of 2.08, a current ratio of 1.20 and a debt-to-equity ratio of 20.72.

About Ecora Resources

Ecora Royalties is a leading critical minerals focused royalty and streaming company.

Copper is at the core of our portfolio which also includes other commodities linked to the trend of electrification, energy transition, infrastructure renewal and urbanisation, digital infrastructure, robotics and energy security.

Our cash generative portfolio includes producing royalties and streams and has a strong organic growth profile driven by royalties and streams already acquired and expected to generate substantial additional cash flow within the next five years.