Eco Atlantic Oil & Gas (CVE:EOG) Hits New 52-Week High – Time to Buy?

Shares of Eco Atlantic Oil & Gas Ltd (CVE:EOG) reached a new 52-week high on Thursday . The stock traded as high as C$0.72 and last traded at C$0.70, with a volume of 938639 shares. The stock had previously closed at C$0.60.

Eco Atlantic Oil & Gas Trading Up 16.7%

The firm has a fifty day moving average of C$0.39 and a 200 day moving average of C$0.24. The company has a market capitalization of C$220.66 million, a P/E ratio of -77.78 and a beta of 0.99.

Eco Atlantic Oil & Gas (CVE:EOG) last announced its quarterly earnings results on Wednesday, November 19th. The company reported C$0.00 earnings per share (EPS) for the quarter. 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 quarter in the prior year, the firm posted $0.00 EPS. Sell-side analysts anticipate that Eco Atlantic Oil & Gas Ltd will post -0.01 EPS for the current fiscal year.

Eco Atlantic Oil & Gas Company Profile

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.