ECA Marcellus Trust I (OTCMKTS:ECTM) Issues Quarterly Earnings Results

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

ECA Marcellus Trust I Trading Down 3.1%

Shares of OTCMKTS ECTM traded down $0.02 during trading hours on Friday, hitting $0.61. 56,699 shares of the company traded hands, compared to its average volume of 28,947. The company’s 50 day moving average price is $0.55 and its 200 day moving average price is $0.57. ECA Marcellus Trust I has a 12 month low of $0.37 and a 12 month high of $0.69. The stock has a market capitalization of $10.74 million, a price-to-earnings ratio of 6.10 and a beta of 0.08.

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.