Eco Atlantic Oil & Gas (CVE:EOG) Trading Up 2.9% – Time to Buy?

Eco Atlantic Oil & Gas Ltd (CVE:EOGGet Free Report) was up 2.9% on Monday . The stock traded as high as C$1.09 and last traded at C$1.07. 109,470 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 322,912 shares. The stock had previously closed at C$1.04.

Eco Atlantic Oil & Gas Price Performance

The business has a 50-day moving average of C$1.02 and a 200-day moving average of C$0.88. The firm has a market cap of C$374.19 million, a price-to-earnings ratio of -356.67 and a beta of 0.12.

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.

Further Reading

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