Ecora Resources (LON:ECOR) Share Price Passes Above 200-Day Moving Average – What’s Next?

Ecora Resources PLC (LON:ECOR)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Wall Street Analysts Forecast Growth

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

Ecora Resources Stock Performance

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’s fifty day moving average price is GBX 86.23 and its 200-day moving average price is GBX 72.25. The firm has a market cap of £228.23 million, a price-to-earnings ratio of -7.64, a PEG ratio of 0.12 and a beta of 0.62.

Insider Buying and Selling at Ecora Resources

In related news, insider Kevin Flynn acquired 21,175 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was bought 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 company’s stock in a transaction on Tuesday, November 4th. The shares were purchased at an average cost of GBX 93 per share, for a total transaction of £29,760. Corporate insiders own 8.35% of the company’s stock.

About Ecora Resources

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.