ECA Marcellus Trust I (OTCMKTS:ECT – Get Free Report) was down 2.9% during mid-day trading on Wednesday. The stock traded as low as $0.38 and last traded at $0.4002. Approximately 22,400 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 66,792 shares. The stock had previously closed at $0.4120.
ECA Marcellus Trust I Price Performance
The company’s 50 day moving average is $0.40 and its two-hundred day moving average is $0.40. The firm has a market cap of $7.05 million, a P/E ratio of 5.00 and a beta of 2.00.
About ECA Marcellus Trust I
ECA Marcellus Trust I is a publicly traded royalty trust that holds interests in natural gas and oil properties in the Marcellus Shale formation. The trust does not operate wells directly; instead, it receives distributions from the production and sale of hydrocarbons generated by the underlying properties. The trust’s assets are associated with development and producing interests in the Marcellus region of the northeastern United States, particularly in Pennsylvania and West Virginia. Its revenues are derived primarily from natural gas production, along with related natural gas liquids and oil, where applicable.
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