Eco Atlantic Oil & Gas (CVE:EOG) Stock Price Down 6.6% – Here’s What Happened

Eco Atlantic Oil & Gas Ltd (CVE:EOG) traded down 6.6% during mid-day trading on Tuesday . The company traded as low as C$0.97 and last traded at C$0.99. Approximately 349,961 shares traded hands during trading, an increase of 16% from the average session volume of 301,056 shares. The stock had previously closed at C$1.06.

Eco Atlantic Oil & Gas Stock Performance

The company has a market cap of C$349.71 million, a price-to-earnings ratio of -43.48 and a beta of 0.10. The stock’s fifty day moving average is C$1.01 and its two-hundred day moving average is C$0.95.

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.