ECA Marcellus Trust I (OTCMKTS:ECTM – Get Free Report) released its earnings results on Wednesday. The company reported $0.09 EPS for the quarter, Zacks reports.
ECA Marcellus Trust I Stock Up 3.7%
Shares of ECTM stock traded up $0.02 on Wednesday, hitting $0.56. The company had a trading volume of 2,520 shares, compared to its average volume of 29,648. The company has a 50-day moving average price of $0.55 and a 200-day moving average price of $0.55. The firm has a market cap of $9.86 million, a P/E ratio of 4.31 and a beta of 0.23. ECA Marcellus Trust I has a twelve month low of $0.45 and a twelve month high of $0.69.
About ECA Marcellus Trust I
ECA Marcellus Trust I is a statutory trust formed in September 2010 by Encana Corporation to hold and monetize natural gas interests in the Marcellus Shale region of the Appalachian Basin. The trust owns a net profits interest—sometimes referred to as a royalty interest—in a portfolio of nearly 80 wells located primarily in Pennsylvania and West Virginia. Revenues generated from the sale of natural gas and natural gas liquids from these properties, after the deduction of operating expenses, are passed through to trust unitholders.
As a passive investment vehicle, ECA Marcellus Trust I does not engage directly in exploration, drilling or day-to-day field operations.
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