Eco Atlantic Oil & Gas (CVE:EOG) Reaches New 12-Month High – Here’s Why

Eco Atlantic Oil & Gas Ltd (CVE:EOG)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$0.44 and last traded at C$0.37, with a volume of 1116475 shares traded. The stock had previously closed at C$0.40.

Eco Atlantic Oil & Gas Stock Performance

The company has a fifty day simple moving average of C$0.15 and a 200 day simple moving average of C$0.16. The stock has a market capitalization of C$110.33 million, a price-to-earnings ratio of -38.89 and a beta of 1.07.

Eco Atlantic Oil & Gas (CVE:EOG) last issued its quarterly earnings results on Wednesday, November 19th. The company reported C$0.00 earnings per share 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 in the previous year, the business earned $0.00 earnings per share. As a group, equities analysts predict that Eco Atlantic Oil & Gas Ltd will post -0.01 earnings per share 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.