Ecora Resources (LON:ECOR) Shares Cross Above 200-Day Moving Average - Here's What Happened

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.

Ecora Resources PLC (LON:ECOR - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

ECOR has been the subject of a number of analyst reports. Berenberg Bank restated a "buy" rating and set a GBX 120 target price on shares of Ecora Resources in a report on Wednesday, July 23rd. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 150 price target on shares of Ecora Resources in a report on Wednesday, July 23rd. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of GBX 135.

Ecora Resources Stock Down 0.7%

The stock has a market capitalization of £177.75 million, a PE ratio of -1,838.05, 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 current ratio of 0.60 and a quick ratio of 2.08. The business's fifty day moving average price is GBX 68.12 and its two-hundred day moving average price is GBX 61.89.

About Ecora Resources

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.