Eco (Atlantic) Oil & Gas (LON:ECO) Stock Price Down 10.5% – Here’s What Happened

Eco (Atlantic) Oil & Gas Ltd. (LON:ECO)’s stock price was down 10.5% during mid-day trading on Wednesday . The company traded as low as GBX 7.70 ($0.10) and last traded at GBX 8.10 ($0.10). Approximately 2,514,301 shares traded hands during trading, an increase of 319% from the average daily volume of 599,420 shares. The stock had previously closed at GBX 9.05 ($0.12).

Eco (Atlantic) Oil & Gas Price Performance

The company has a market cap of £31.98 million, a price-to-earnings ratio of -1.68 and a beta of 1.95. The firm has a 50-day moving average price of GBX 10.74 and a 200 day moving average price of GBX 10.81.

Eco (Atlantic) Oil & Gas (LON:ECO) last issued its quarterly earnings data on Thursday, February 27th. The company reported GBX (0.20) ($0.00) EPS for the quarter. Eco (Atlantic) Oil & Gas had a negative net margin of 296,358.74% and a negative return on equity of 66.40%.

Eco (Atlantic) Oil & Gas Company Profile

Eco Atlantic is a TSX-V and AIM-quoted Atlantic Margin-focused oil & gas exploration company with offshore license interests in Guyana, Namibia, and South Africa. Eco aims to deliver material value for its stakeholders through its role in the energy transition to explore for low carbon intensity oil and gas in stable emerging markets close to infrastructure.