Ecora Resources (LON:ECOR) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Ecora Resources PLC (LON:ECOR) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 72.25 and traded as high as GBX 95.70. Ecora Resources shares last traded at GBX 92.70, with a volume of 553,388 shares changing hands.

Analysts Set New Price Targets

A number of analysts have issued reports on ECOR shares. Berenberg Bank reiterated a “buy” rating and set a GBX 120 price target on shares of Ecora Resources in a research note on Tuesday, September 30th. Canaccord Genuity Group lifted their price objective on shares of Ecora Resources from GBX 150 to GBX 155 and gave the company a “buy” rating in a report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 137.50.

Ecora Resources Stock Performance

The stock has a market capitalization of £228.23 million, a PE ratio of -7.64, a price-to-earnings-growth ratio of 0.12 and a beta of 0.62. The company has a quick ratio of 2.08, a current ratio of 0.60 and a debt-to-equity ratio of 22.68. The stock has a fifty day moving average of GBX 86.23 and a 200-day moving average of GBX 72.25.

Insider Activity

In related news, insider Kevin Flynn acquired 21,175 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was acquired at an average price of GBX 95 per share, for a total transaction of £20,116.25. Also, insider Marc Bishop Lafleche acquired 32,000 shares of the stock in a transaction dated Tuesday, November 4th. The shares were bought at an average cost of GBX 93 per share, with a total value of £29,760. Company insiders own 8.35% of the company’s stock.

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.