Ecora Resources (LON:ECOR) Shares Pass Above Two Hundred Day Moving Average - What's Next?

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 passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 ($0.88), with a volume of 587,462 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ECOR shares. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 150 ($2.01) target price on shares of Ecora Resources in a research note on Wednesday, July 23rd. Berenberg Bank reiterated a "buy" rating and set a GBX 120 ($1.61) target price on shares of Ecora Resources in a research note on Wednesday, July 23rd.

Ecora Resources Stock Performance

The company has a market cap of £220.74 million, a P/E ratio of 9.47, 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. The stock has a 50 day moving average price of GBX 65.86 and a two-hundred day moving average price of GBX 60.94.

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.