Eco Atlantic Oil & Gas (CVE:EOG) Hits New 52-Week High – Time to Buy?

Eco Atlantic Oil & Gas Ltd (CVE:EOGGet Free Report)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$1.14 and last traded at C$1.14, with a volume of 932641 shares changing hands. The stock had previously closed at C$0.99.

Eco Atlantic Oil & Gas Stock Up 19.2%

The stock’s 50 day moving average price is C$0.68 and its two-hundred day moving average price is C$0.37. The firm has a market capitalization of C$408.09 million, a price-to-earnings ratio of -393.33 and a beta of 0.37.

About Eco Atlantic Oil & Gas

(Get Free Report)

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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