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

Key Points

• Ecora Resources PLC has crossed above its 200-day moving average, indicating potential bullish momentum in its stock performance.
• Equity analysts have given the stock a solid outlook, with Canaccord Genuity and Berenberg Bank reissuing "buy" ratings and setting price targets of GBX 150 and GBX 120, respectively.
• The company's market capitalization stands at £208.75 million, with key financial metrics including a P/E ratio of 8.96 and a debt-to-equity ratio of 22.68, reflecting its financial health and leverage situation.

Ecora Resources PLC (LON:ECOR - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 60.84 ($0.82) and traded as high as GBX 66.10 ($0.89). Ecora Resources shares last traded at GBX 65.80 ($0.89), with a volume of 587,462 shares traded.

Analyst Ratings Changes

ECOR has been the topic of several analyst reports. Berenberg Bank restated a "buy" rating and issued a GBX 120 ($1.61) price target on shares of Ecora Resources in a research note on Wednesday, July 23rd. Canaccord Genuity Group restated a "buy" rating and issued a GBX 150 ($2.02) price target on shares of Ecora Resources in a research note on Wednesday, July 23rd.

Ecora Resources Stock Up 5.5%

The firm's 50 day simple moving average is GBX 65.69 and its 200 day simple moving average is GBX 60.89. The company has a market cap of £213.36 million, a price-to-earnings ratio of 9.16, a price-to-earnings-growth 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 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.