Eco Atlantic Oil & Gas (CVE:EOG) Trading 6% Higher – Time to Buy?

Eco Atlantic Oil & Gas Ltd (CVE:EOG) shares traded up 6% during trading on Wednesday . The company traded as high as C$0.53 and last traded at C$0.53. 78,120 shares traded hands during trading, a decline of 75% from the average session volume of 308,120 shares. The stock had previously closed at C$0.50.

Eco Atlantic Oil & Gas Price Performance

The business has a fifty day moving average price of C$0.35 and a two-hundred day moving average price of C$0.22. The firm has a market capitalization of C$167.07 million, a price-to-earnings ratio of -58.89 and a beta of 0.99.

Eco Atlantic Oil & Gas (CVE:EOG) last released its earnings results on Wednesday, November 19th. The company reported C$0.00 EPS for the quarter. Eco Atlantic Oil & Gas had a negative return on equity of 66.40% and a negative net margin of 296,358.74%.During the same quarter in the prior year, the business earned $0.00 earnings per share. On average, research analysts predict that Eco Atlantic Oil & Gas Ltd will post -0.01 earnings per share for the current year.

Eco Atlantic Oil & Gas Company Profile

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.