ECA Marcellus Trust I (OTCMKTS:ECTM) Releases Earnings Results

ECA Marcellus Trust I (OTCMKTS:ECTM) issued its earnings results on Friday. The company reported $0.02 earnings per share (EPS) for the quarter, Zacks reports.

ECA Marcellus Trust I Stock Performance

Shares of ECTM stock traded down $0.02 on Friday, hitting $0.61. 56,699 shares of the company’s stock traded hands, compared to its average volume of 28,947. The stock has a market capitalization of $10.74 million, a price-to-earnings ratio of 6.10 and a beta of 0.08. The company’s fifty day simple moving average is $0.55 and its 200 day simple moving average is $0.57. ECA Marcellus Trust I has a one year low of $0.37 and a one year high of $0.69.

About ECA Marcellus Trust I

ECA Marcellus Trust I owns royalty interests in producing wells and horizontal natural gas development wells for Energy Corporation of America (ECA). The company owns royalty interests in 14 producing wells and 40 development wells located in the Greene County, Pennsylvania. Its royalty interests in the producing wells allow the company to receive 90% of the proceeds from the sale of production of natural gas attributable to ECA’s interest in the producing wells; and 50% of the proceeds from the sale of production of natural gas attributable to ECA’s interest in the development wells.