Ecora Resources (LON:ECOR) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Ecora Resources PLC (LON:ECOR) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 110.93 and traded as high as GBX 134. Ecora Resources shares last traded at GBX 130, with a volume of 2,473,776 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 150 price objective on shares of Ecora Resources in a research note on Friday, January 23rd. Canaccord Genuity Group boosted their target price on shares of Ecora Resources from GBX 155 to GBX 185 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a GBX 175 price target on shares of Ecora Resources in a research report on Wednesday, March 18th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 170.

Ecora Resources Stock Performance

The stock has a market cap of £324.29 million, a price-to-earnings ratio of -10.83, a P/E/G ratio of 0.12 and a beta of 0.53. The company’s fifty day simple moving average is GBX 137.20 and its two-hundred day simple moving average is GBX 110.93. The company has a debt-to-equity ratio of 31.55, a current ratio of 2.49 and a quick ratio of 2.08.

Ecora Resources Company Profile

Ecora Royalties is a leading critical minerals focused royalty and streaming company.

Copper is at the core of our portfolio which also includes other commodities linked to the trend of electrification, energy transition, infrastructure renewal and urbanisation, digital infrastructure, robotics and energy security.

Our cash generative portfolio includes producing royalties and streams and has a strong organic growth profile driven by royalties and streams already acquired and expected to generate substantial additional cash flow within the next five years.