Shares of Eco Atlantic Oil & Gas Ltd (CVE:EOG – Get Free Report) fell 3.7% during trading on Tuesday. The company traded as low as C$0.76 and last traded at C$0.78. Approximately 16,540 shares traded hands during 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 company’s fifty day simple moving average is C$0.79 and its two-hundred day simple moving average is C$0.91. The stock has a market cap of C$286.81 million, a price-to-earnings ratio of -33.91 and a beta of -0.34.
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.
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