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

Ecora Resources PLC (LON:ECOR) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 136.99 and traded as high as GBX 138.80. Ecora Resources shares last traded at GBX 131, with a volume of 366,253 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 185 price objective on shares of Ecora Resources in a research report on Wednesday, April 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 185 target price on shares of Ecora Resources in a research report on Monday, June 15th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 190 target price on shares of Ecora Resources in a research report on Wednesday. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 186.67.

Ecora Resources Stock Performance

The company has a market capitalization of £337.26 million, a price-to-earnings ratio of 15.23, a P/E/G ratio of 0.12 and a beta of 0.47. The company has a 50 day moving average price of GBX 135.53 and a 200 day moving average price of GBX 137.08. The company has a debt-to-equity ratio of 20.72, a quick ratio of 2.08 and a current ratio of 1.20.

Insider Activity at Ecora Resources

In other news, insider Kevin Flynn acquired 5,550 shares of Ecora Resources stock in a transaction on Tuesday, May 19th. The stock was purchased at an average price of GBX 140 per share, with a total value of £7,770. Also, insider Marc Bishop Lafleche acquired 5,560 shares of Ecora Resources stock in a transaction on Friday, May 15th. The stock was purchased at an average cost of GBX 149 per share, with a total value of £8,284.40. 8.41% of the stock is currently owned by corporate insiders.

About Ecora Resources

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.