Ecora Resources (LON:ECOR) Shares Cross Above 200 Day Moving Average – What’s Next?

Ecora Resources PLC (LON:ECOR)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 70.70 and traded as high as GBX 95.60. Ecora Resources shares last traded at GBX 94.80, with a volume of 477,145 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ECOR shares. Canaccord Genuity Group increased their price objective on shares of Ecora Resources from GBX 150 to GBX 155 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Berenberg Bank restated a “buy” rating and set a GBX 120 price objective on shares of Ecora Resources in a research note on Tuesday, September 30th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 137.50.

Ecora Resources Price Performance

The firm has a market capitalization of £236.60 million, a price-to-earnings ratio of -7.92, a P/E/G ratio of 0.12 and a beta of 0.62. The company’s 50 day moving average is GBX 83.86 and its 200-day moving average is GBX 70.70. The company has a current ratio of 0.60, a quick ratio of 2.08 and a debt-to-equity ratio of 22.68.

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.