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

Key Points

• Ecora Resources PLC's stock has crossed above its 200-day moving average, indicating a potential bullish trend, with recent trading prices reaching GBX 89.80 ($1.20).
• Analysts have a consensus "Buy" rating for Ecora Resources, with the average price target set at GBX 135, backed by firms like Canaccord Genuity and Berenberg Bank.
• The company has a market capitalization of £223.65 million and a noted debt-to-equity ratio of 22.68, which could be a concern for potential investors.

Shares of Ecora Resources PLC (LON:ECOR - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 65.90 ($0.88) and traded as high as GBX 91.23 ($1.22). Ecora Resources shares last traded at GBX 89.80 ($1.20), with a volume of 2,221,477 shares.

Analyst Ratings Changes

A number of research analysts recently weighed in on ECOR shares. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 150 price objective on shares of Ecora Resources in a research note on Friday, October 3rd. Berenberg Bank reiterated a "buy" rating and issued a GBX 120 price objective on shares of Ecora Resources in a research note on Tuesday, September 30th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Ecora Resources presently has a consensus rating of "Buy" and an average price target of GBX 135.

Ecora Resources Price Performance

The stock has a market capitalization of £223.65 million, a PE ratio of -748.33, a price-to-earnings-growth 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. The business's 50-day moving average price is GBX 76.60 and its 200 day moving average price is GBX 65.90.

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.

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