Eco Atlantic Oil & Gas (CVE:EOG) Shares Up 6.4% – Time to Buy?

Eco Atlantic Oil & Gas Ltd (CVE:EOGGet Free Report)’s stock price rose 6.4% during mid-day trading on Wednesday . The company traded as high as C$1.19 and last traded at C$1.17. Approximately 121,570 shares changed hands during trading, a decline of 69% from the average daily volume of 397,810 shares. The stock had previously closed at C$1.10.

Eco Atlantic Oil & Gas Price Performance

The firm has a market cap of C$411.36 million, a price-to-earnings ratio of -393.33 and a beta of 0.13. The stock has a 50-day moving average of C$1.07 and a 200-day moving average of C$0.67.

About Eco Atlantic Oil & Gas

(Get Free Report)

Eco (Atlantic) Oil & Gas Ltd., a development stage company, engages in the identification, acquisition, exploration, and development of petroleum, natural gas, and shale gas properties. The company holds a working interest in the Orinduik block in the Suriname Guyana basin, the Co-Operative Republic of Guyana; a 25% working interest in the Cooper block covering 1,100 kilometers located in Namibia; and interests in four offshore petroleum licenses totaling approximately 25,000 square kilometers located in the Republic of Namibia.

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