Ecora Resources (LON:ECOR) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Shares of Ecora Resources PLC (LON:ECOR) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 129.47 and traded as high as GBX 151.20. Ecora Resources shares last traded at GBX 144.20, with a volume of 432,164 shares changing hands.

Wall Street Analyst Weigh In

ECOR has been the subject of a number of research reports. Royal Bank Of Canada reiterated a “buy” rating and set a GBX 175 price target on shares of Ecora Resources in a research report on Wednesday, March 18th. Berenberg Bank reiterated a “buy” rating and set a GBX 180 price target on shares of Ecora Resources in a research report on Wednesday, April 29th. Finally, Canaccord Genuity Group restated a “buy” rating and set a GBX 185 target price on shares of Ecora Resources in a research report on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Ecora Resources currently has a consensus rating of “Buy” and a consensus target price of GBX 180.

Ecora Resources Trading Down 3.8%

The company has a debt-to-equity ratio of 20.72, a current ratio of 1.20 and a quick ratio of 2.08. The company has a market cap of £341.75 million, a price-to-earnings ratio of 15.43, a PEG ratio of 0.12 and a beta of 0.47. The business’s 50-day simple moving average is GBX 140.78 and its 200-day simple moving average is GBX 129.87.

Insider Transactions at Ecora Resources

In other Ecora Resources news, insider Kevin Flynn bought 5,550 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was bought at an average price of GBX 140 per share, for a total transaction of £7,770. Also, insider Marc Bishop Lafleche bought 5,560 shares of the business’s stock in a transaction that occurred 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. Insiders own 8.37% of the company’s stock.

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.