Eco Atlantic Oil & Gas (CVE:EOG) Reaches New 12-Month High – Still a Buy?

Eco Atlantic Oil & Gas Ltd (CVE:EOGGet Free Report)’s share price reached a new 52-week high on Wednesday . The stock traded as high as C$0.81 and last traded at C$0.80, with a volume of 263642 shares traded. The stock had previously closed at C$0.79.

Eco Atlantic Oil & Gas Stock Performance

The stock has a market cap of C$270.29 million, a price-to-earnings ratio of -87.78 and a beta of 0.46. The business’s 50 day moving average is C$0.57 and its 200 day moving average is C$0.31.

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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