Eco Atlantic Oil & Gas (CVE:EOG) Shares Down 3.7% – Time to Sell?

Eco Atlantic Oil & Gas Ltd (CVE:EOG – Get Free Report)’s share price was down 3.7% during trading on Tuesday. The stock traded as low as C$0.76 and last traded at C$0.78. 16,540 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 233,675 shares. The stock had previously closed at C$0.81.

Eco Atlantic Oil & Gas Price Performance

The stock has a fifty day moving average price of C$0.79 and a two-hundred day moving average price of C$0.91. The company has a market cap of C$286.81 million, a P/E ratio of -33.91 and a beta of -0.34.

Eco Atlantic Oil & Gas Company Profile

(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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