Eco Atlantic Oil & Gas (CVE:EOG) Trading Down 1% – Here’s Why

Eco Atlantic Oil & Gas Ltd (CVE:EOGGet Free Report) shares were down 1% during mid-day trading on Wednesday . The company traded as low as C$0.95 and last traded at C$0.97. Approximately 24,804 shares were traded during trading, a decline of 93% from the average daily volume of 365,915 shares. The stock had previously closed at C$0.98.

Eco Atlantic Oil & Gas Price Performance

The company has a market capitalization of C$339.22 million, a P/E ratio of -323.33 and a beta of -0.06. The stock has a 50-day moving average price of C$1.09 and a 200-day moving average price of C$0.77.

About Eco Atlantic Oil & Gas

(Get Free Report)

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.

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