Eco Atlantic Oil & Gas (CVE:EOG) Shares Up 45.9% – Time to Buy?

Shares of Eco Atlantic Oil & Gas Ltd (CVE:EOG) shot up 45.9% during trading on Monday . The company traded as high as C$0.30 and last traded at C$0.27. 3,781,559 shares changed hands during trading, an increase of 2,604% from the average session volume of 139,831 shares. The stock had previously closed at C$0.19.

Eco Atlantic Oil & Gas Stock Performance

The stock’s 50-day moving average price is C$0.14 and its two-hundred day moving average price is C$0.16. The stock has a market capitalization of C$88.26 million, a PE ratio of -31.11 and a beta of 1.07.

Eco Atlantic Oil & Gas (CVE:EOG) last posted its quarterly earnings data on Wednesday, November 19th. The company reported C$0.00 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 last year, the company earned $0.00 EPS. On average, analysts predict that Eco Atlantic Oil & Gas Ltd will post -0.01 earnings per share for the current fiscal year.

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.