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

Key Points

• Ecora Resources PLC's stock price recently crossed above its 200-day moving average, hitting a high of GBX 74 ($1.00) before last trading at GBX 72.60 ($0.98).
• Analysts have a consensus rating of "Buy" for Ecora Resources, with price targets set at GBX 150 by Canaccord Genuity and GBX 120 by Berenberg Bank.
• The company has a significant market capitalization of £225.35 million, with a P/E ratio of 9.67 and a debt-to-equity ratio of 22.68, indicating its growth potential in sustainable commodities.

Shares of Ecora Resources PLC (LON:ECOR - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 61.66 ($0.83) and traded as high as GBX 74 ($1.00). Ecora Resources shares last traded at GBX 72.60 ($0.98), with a volume of 82,762 shares traded.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 150 price objective on shares of Ecora Resources in a research report on Wednesday, July 23rd. Berenberg Bank reaffirmed a "buy" rating and set a GBX 120 price objective on shares of Ecora Resources in a research report on Wednesday, July 23rd. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of GBX 135.

Ecora Resources Trading Up 1.0%

The business has a fifty day moving average of GBX 67.71 and a 200-day moving average of GBX 61.66. 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 company has a market capitalization of £225.35 million, a P/E ratio of 9.67, a PEG 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.

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