Ecora Resources (LON:ECOR) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Ecora Resources PLC (LON:ECOR) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 95.14 and traded as high as GBX 144.40. Ecora Resources shares last traded at GBX 142.98, with a volume of 667,229 shares changing hands.

Analyst Upgrades and Downgrades

ECOR has been the topic of a number of research reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 150 target price on shares of Ecora Resources in a report on Friday, January 23rd. Canaccord Genuity Group upped their price target on Ecora Resources from GBX 155 to GBX 185 and gave the company a “buy” rating in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 167.50.

Ecora Resources Trading Up 1.4%

The company has a current ratio of 0.60, a quick ratio of 2.08 and a debt-to-equity ratio of 22.68. The firm has a market cap of £356.10 million, a PE ratio of -11.92, a P/E/G ratio of 0.12 and a beta of 0.62. The company’s 50-day moving average is GBX 120.61 and its 200 day moving average is GBX 95.14.

Insider Activity at Ecora Resources

In other Ecora Resources news, insider Christine Coignard purchased 11,400 shares of the stock in a transaction dated Friday, November 14th. The shares were acquired at an average price of GBX 92 per share, for a total transaction of £10,488. 8.37% of the stock is currently owned by company insiders.

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. We will achieve this
through building a diversified portfolio of scale over high quality assets that drives low volatility earnings growth and
shareholder returns.