ECA Marcellus Trust I (OTCMKTS:ECTM – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.09 earnings per share for the quarter, Zacks reports.
ECA Marcellus Trust I Trading Up 3.7%
Shares of OTCMKTS:ECTM traded up $0.02 on Wednesday, reaching $0.56. The company had a trading volume of 2,520 shares, compared to its average volume of 29,648. The firm has a market capitalization of $9.86 million, a PE ratio of 4.31 and a beta of 0.23. ECA Marcellus Trust I has a 52-week low of $0.45 and a 52-week high of $0.69. The firm’s 50 day simple moving average is $0.55 and its 200-day simple moving average is $0.55.
About ECA Marcellus Trust I
ECA Marcellus Trust I is a statutory trust formed in September 2010 by Encana Corporation to hold and monetize natural gas interests in the Marcellus Shale region of the Appalachian Basin. The trust owns a net profits interest—sometimes referred to as a royalty interest—in a portfolio of nearly 80 wells located primarily in Pennsylvania and West Virginia. Revenues generated from the sale of natural gas and natural gas liquids from these properties, after the deduction of operating expenses, are passed through to trust unitholders.
As a passive investment vehicle, ECA Marcellus Trust I does not engage directly in exploration, drilling or day-to-day field operations.
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