Eco Atlantic Oil & Gas (CVE:EOG) Reaches New 52-Week High – Here’s Why

Eco Atlantic Oil & Gas Ltd (CVE:EOG) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$0.44 and last traded at C$0.37, with a volume of 1116475 shares trading hands. The stock had previously closed at C$0.40.

Eco Atlantic Oil & Gas Trading Up 4.8%

The stock has a market capitalization of C$104.03 million, a P/E ratio of -36.67 and a beta of 1.07. The stock’s 50 day simple moving average is C$0.16 and its 200 day simple moving average is C$0.17.

Eco Atlantic Oil & Gas (CVE:EOG) last issued its earnings results on Wednesday, November 19th. The company reported C$0.00 earnings per share (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%. During the same period last year, the firm posted $0.00 EPS. On average, sell-side analysts expect 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.