Eco Atlantic Oil & Gas (CVE:EOG) Stock Price Up 33.9% – Here’s Why

Eco Atlantic Oil & Gas Ltd (CVE:EOG)’s stock price was up 33.9% during trading on Tuesday . The stock traded as high as C$0.40 and last traded at C$0.38. Approximately 947,368 shares changed hands during mid-day trading, an increase of 570% from the average daily volume of 141,467 shares. The stock had previously closed at C$0.28.

Eco Atlantic Oil & Gas Price Performance

The firm has a 50-day simple moving average of C$0.15 and a 200 day simple moving average of C$0.16. The company has a market capitalization of C$113.48 million, a PE ratio of -40.00 and a beta of 1.07.

Eco Atlantic Oil & Gas (CVE:EOG) last posted its 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 return on equity of 66.40% and a negative net margin of 296,358.74%.During the same period last year, the company earned $0.00 earnings per share. Equities research analysts expect that Eco Atlantic Oil & Gas Ltd will post -0.01 EPS 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.