Ecora Resources (LON:ECOR) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Ecora Resources' share price recently crossed above its 200-day moving average, with a recent trading high of GBX 79.60 ($1.08).
• Equities analysts have largely expressed optimism, with two firms providing a "buy" rating and price targets of GBX 150 and GBX 120, respectively.
• The company has a market capitalization of £191.03 million, with key financial ratios indicating substantial potential, such as a P/E ratio of -639.17 and a P/E/G ratio of 0.12.

Shares of Ecora Resources PLC (LON:ECOR - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 62.55 ($0.85) and traded as high as GBX 79.60 ($1.08). Ecora Resources shares last traded at GBX 77.30 ($1.05), with a volume of 470,348 shares changing hands.

Analysts Set New Price Targets

ECOR has been the topic of a number of research analyst reports. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 120 target price on shares of Ecora Resources in a report on Monday, September 1st. Canaccord Genuity Group reissued a "buy" rating and set a GBX 150 price objective on shares of Ecora Resources in a report on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of GBX 135.

Ecora Resources Price Performance

The business has a 50 day moving average price of GBX 70.45 and a two-hundred day moving average price of GBX 62.85. The stock has a market cap of £191.27 million, a PE ratio of -640.00, a P/E/G ratio of 0.12 and a beta of 0.62. The company has a debt-to-equity ratio of 22.68, a quick ratio of 2.08 and a current ratio of 0.60.

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.