Eco (Atlantic) Oil & Gas (LON:ECO) Trading Up 5.4% – Should You Buy?

Eco (Atlantic) Oil & Gas Ltd. (LON:ECO) traded up 5.4% on Wednesday . The company traded as high as GBX 12.50 ($0.15) and last traded at GBX 12.25 ($0.15). 1,091,907 shares traded hands during trading, an increase of 100% from the average session volume of 545,643 shares. The stock had previously closed at GBX 11.63 ($0.14).

Eco (Atlantic) Oil & Gas Trading Up 5.4 %

The company has a market capitalization of £45.35 million, a PE ratio of -306.25 and a beta of 1.95. The company has a fifty day simple moving average of GBX 10.51 and a 200-day simple moving average of GBX 11.26. The company has a current ratio of 1.68, a quick ratio of 4.71 and a debt-to-equity ratio of 2.11.

About Eco (Atlantic) Oil & Gas

Eco (Atlantic) Oil & Gas Ltd. engages in the identification, acquisition, exploration, and development of the petroleum, natural gas, and shale gas properties in the Republic of Namibia and the Co-Operative Republic of Guyana. The company holds a 15% working interest in the Orinduik block comprising 1,800 square kilometers located in the Suriname Guyana basin; and 17.5% interests in the Canje Block covering an area of 4,800 square kilometers located in Guyana.