Ecora Resources (LON:ECOR) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Ecora Resources PLC (LON:ECOR)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ECOR. Berenberg Bank reissued a “buy” rating and issued a GBX 150 price target on shares of Ecora Resources in a research note on Friday, January 23rd. Canaccord Genuity Group raised their target price on shares of Ecora Resources from GBX 155 to GBX 185 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ecora Resources has an average rating of “Buy” and an average target price of GBX 167.50.

Ecora Resources Trading Up 1.1%

The firm’s 50 day simple moving average is GBX 128.61 and its 200-day simple moving average is GBX 100.91. The company has a market capitalization of £348.52 million, a PE ratio of -11.66, a P/E/G ratio of 0.12 and a beta of 0.62. The company has a quick ratio of 2.08, a current ratio of 0.60 and a debt-to-equity ratio of 22.68.

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.