Eco Atlantic Oil & Gas (CVE:EOG) Announces Quarterly Earnings Results

Eco Atlantic Oil & Gas (CVE:EOG) issued its quarterly earnings results on Wednesday. The company reported C$0.00 earnings per share for the quarter, RTT News reports. Eco Atlantic Oil & Gas had a negative net margin of 296,358.74% and a negative return on equity of 66.40%. During the same period in the prior year, the firm posted $0.00 earnings per share.

Eco Atlantic Oil & Gas Stock Performance

Shares of EOG opened at C$0.15 on Wednesday. The company has a 50-day simple moving average of C$0.14 and a 200-day simple moving average of C$0.16. Eco Atlantic Oil & Gas has a 52 week low of C$0.13 and a 52 week high of C$0.23. The firm has a market capitalization of C$45.71 million, a P/E ratio of -18.13 and a beta of 0.70.

About Eco Atlantic Oil & Gas

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.