Ecora Resources (LON:ECOR) Shares Cross Above 200 Day Moving Average – Time to Sell?

Ecora Resources PLC (LON:ECOR) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 131.34 and traded as high as GBX 139. Ecora Resources shares last traded at GBX 134.40, with a volume of 564,011 shares changing hands.

Analyst Ratings Changes

A number of brokerages have weighed in on ECOR. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 185 price target on shares of Ecora Resources in a research note on Wednesday, April 29th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a GBX 175 price target on shares of Ecora Resources in a research note on Wednesday, March 18th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 180 price target on shares of Ecora Resources in a research note on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 180.

Ecora Resources Stock Performance

The stock’s 50-day moving average price is GBX 140.82 and its 200 day moving average price is GBX 131.37. 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 firm has a market cap of £339.26 million, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 0.12 and a beta of 0.47.

Insiders Place Their Bets

In other Ecora Resources news, insider Kevin Flynn acquired 5,550 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average price of GBX 140 per share, with a total value of £7,770. Also, insider Marc Bishop Lafleche acquired 5,560 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was acquired at an average cost of GBX 149 per share, for a total transaction of £8,284.40. Insiders own 8.41% of the company’s stock.

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.