ECA Marcellus Trust I (OTCMKTS:ECT – Get Free Report) crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $0.40 and traded as high as $0.4099. ECA Marcellus Trust I shares last traded at $0.4002, with a volume of 22,400 shares.
ECA Marcellus Trust I Trading Down 2.9%
The company has a 50 day moving average of $0.40 and a 200-day moving average of $0.40. The firm has a market capitalization of $7.05 million, a P/E ratio of 5.00 and a beta of 2.00.
About ECA Marcellus Trust I
ECA Marcellus Trust I is a Delaware statutory trust established to hold interests in oil and natural gas properties located in the Marcellus Shale formation of Pennsylvania. The trust is a passive entity and does not operate wells, explore for hydrocarbons or provide energy-related services directly.
The trust’s assets consist primarily of net profits interests in certain producing and development wells in Greene County, Pennsylvania. Proceeds generated from the sale of natural gas, natural gas liquids and oil from these properties, after applicable production and operating expenses, are generally distributed to the trust’s unitholders.
ECA Marcellus Trust I was sponsored and organized in connection with the development of Marcellus Shale properties.
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