Eco Atlantic Oil & Gas (CVE:EOG) Shares Up 51.4% – Here’s Why

Eco Atlantic Oil & Gas Ltd (CVE:EOG)’s share price traded up 51.4% during trading on Monday . The company traded as high as C$0.30 and last traded at C$0.28. 3,953,577 shares traded hands during mid-day trading, an increase of 2,712% from the average session volume of 140,620 shares. The stock had previously closed at C$0.19.

Eco Atlantic Oil & Gas Stock Down 12.7%

The company has a market cap of C$108.76 million, a price-to-earnings ratio of -38.33 and a beta of 1.07. The business has a fifty day simple moving average of C$0.16 and a 200 day simple moving average of C$0.16.

Eco Atlantic Oil & Gas (CVE:EOG) last posted its quarterly earnings results on Wednesday, November 19th. The company reported C$0.00 earnings per share 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%. During the same quarter in the previous year, the firm posted $0.00 EPS. Equities analysts anticipate that Eco Atlantic Oil & Gas Ltd will post -0.01 EPS for the current fiscal year.

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.