Ecora Resources (LON:ECOR) Stock Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Ecora Resources shares have recently surpassed their **200-day moving average**, reaching a high of GBX 73.20 ($0.99) during trading.
• Analysts from **Canaccord Genuity** and **Berenberg Bank** have both reiterated a **"buy" rating**, setting target prices of GBX 150 ($2.03) and GBX 120 ($1.63), respectively.
• The company has a **market capitalization** of £223.51 million and a **price-to-earnings ratio** of 9.59, indicating its valuation metrics are compelling for potential investors.

Ecora Resources PLC (LON:ECOR - Get Free Report)'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 61.25 ($0.82) and traded as high as GBX 73.20 ($0.98). Ecora Resources shares last traded at GBX 72.70 ($0.98), with a volume of 160,369 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently commented on ECOR shares. Berenberg Bank reiterated a "buy" rating and issued a GBX 120 target price on shares of Ecora Resources in a research note on Wednesday, July 23rd. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 150 target price on shares of Ecora Resources in a research note on Wednesday, July 23rd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of GBX 135.

Ecora Resources Stock Performance

The stock has a 50-day simple moving average of GBX 67.42 and a 200-day simple moving average of GBX 61.53. The company has a debt-to-equity ratio of 22.68, a current ratio of 0.60 and a quick ratio of 2.08. The stock has a market cap of £221.97 million, a PE ratio of 9.53, a P/E/G ratio of 0.12 and a beta of 0.62.

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.