Ecora Resources (LON:ECOR) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Ecora Resources PLC (LON:ECOR) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 100.68 and traded as high as GBX 141.60. Ecora Resources shares last traded at GBX 139.94, with a volume of 1,063,172 shares.

Analyst Ratings Changes

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

Ecora Resources Stock Performance

The company has a market cap of £348.52 million, a price-to-earnings ratio of -11.66, a PEG ratio of 0.12 and a beta of 0.62. The stock has a 50 day simple moving average of GBX 128.61 and a 200 day simple moving average of GBX 100.68. The company has a quick ratio of 2.08, a current ratio of 0.60 and a debt-to-equity ratio of 22.68.

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.