Eco Atlantic Oil & Gas (CVE:EOG) Trading Down 2% – Time to Sell?

Eco Atlantic Oil & Gas Ltd (CVE:EOG)’s stock price was down 2% during mid-day trading on Monday . The stock traded as low as C$0.98 and last traded at C$0.99. Approximately 88,937 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 397,995 shares. The stock had previously closed at C$1.01.

Eco Atlantic Oil & Gas Price Performance

The company’s 50-day simple moving average is C$0.84 and its 200-day simple moving average is C$0.47. The company has a market cap of C$345.84 million, a price-to-earnings ratio of -333.33 and a beta of 0.01.

About Eco Atlantic Oil & Gas

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.