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 Tuesday . The stock has a 200-day moving average of GBX 133.55 and traded as high as GBX 143.80. Ecora Resources shares last traded at GBX 136.75, with a volume of 552,527 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ECOR. Berenberg Bank reaffirmed a “buy” rating and set a GBX 180 price objective on shares of Ecora Resources in a research note on Wednesday, April 29th. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 185 target price on shares of Ecora Resources in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 185 target price on shares of Ecora Resources in a research note on Monday, June 15th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 183.33.

Ecora Resources Stock Performance

The company has a market capitalization of £341.12 million, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 0.12 and a beta of 0.47. The company has a debt-to-equity ratio of 20.72, a current ratio of 1.20 and a quick ratio of 2.08. The stock has a 50 day moving average price of GBX 140.73 and a two-hundred day moving average price of GBX 133.55.

Insider Transactions at Ecora Resources

In related news, insider Marc Bishop Lafleche acquired 5,560 shares of the stock in a transaction on Friday, May 15th. The stock was purchased at an average price of GBX 149 per share, for a total transaction of £8,284.40. Also, insider Kevin Flynn bought 5,550 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was bought at an average cost of GBX 140 per share, with a total value of £7,770. 8.41% of the stock is owned by corporate insiders.

Ecora Resources Company Profile

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.