Ecora Resources (LON:ECOR) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Ecora Resources PLC (LON:ECOR)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 134.83 and traded as high as GBX 138.40. Ecora Resources shares last traded at GBX 136.61, with a volume of 347,236 shares traded.

Wall Street Analyst Weigh In

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

Ecora Resources Stock Up 1.9%

The firm has a market capitalization of £343.09 million, a PE ratio of 15.49, a PEG ratio of 0.12 and a beta of 0.47. The business’s 50 day simple moving average is GBX 140.09 and its 200 day simple moving average is GBX 135.01. The company has a current ratio of 1.20, a quick ratio of 2.08 and a debt-to-equity ratio of 20.72.

Insider Buying and Selling

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

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.