Eco Atlantic Oil & Gas (CVE:EOG) Trading 12.5% Higher – Still a Buy?

Shares of Eco Atlantic Oil & Gas Ltd (CVE:EOG) traded up 12.5% during trading on Wednesday . The stock traded as high as C$0.99 and last traded at C$0.99. 219,528 shares were traded during mid-day trading, a decline of 30% from the average session volume of 311,461 shares. The stock had previously closed at C$0.88.

Eco Atlantic Oil & Gas Stock Up 9.1%

The firm has a market cap of C$328.46 million, a price-to-earnings ratio of -106.67 and a beta of 0.37. The firm has a fifty day moving average price of C$0.65 and a 200-day moving average price of C$0.35.

Eco Atlantic Oil & Gas Company Profile

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.