Eco Atlantic Oil & Gas (CVE:EOG) Trading Down 5.1%
Eco Atlantic Oil & Gas Ltd (CVE:EOG)’s stock price was down 5.1% during mid-day trading on Tuesday . The stock traded as low as C$0.75 and last traded at C$0.75, approximately 106,708 shares were traded during mid-day trading. A decline of 31% from the average daily volume of 155,506 shares. The stock had previously closed at C$0.79.
The company has a 50-day simple moving average of C$0.92 and a 200-day simple moving average of C$1.65. The stock has a market cap of $199.01 million and a PE ratio of -7.50.
Eco Atlantic Oil & Gas (CVE:EOG) last released its quarterly earnings data on Tuesday, November 19th. The company reported C($0.09) earnings per share (EPS) for the quarter. The business had revenue of C$0.13 million during the quarter. As a group, equities research analysts forecast that Eco Atlantic Oil & Gas Ltd will post -0.1 earnings per share for the current fiscal year.
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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