Eca Marcellus Trust I (ECT) Shares Up 2.9%
Eca Marcellus Trust I (NYSE:ECT) shares shot up 2.9% on Thursday . The company traded as high as $2.19 and last traded at $2.16, with a volume of 77,341 shares. The stock had previously closed at $2.10.
The firm has a market cap of $38.15 million and a P/E ratio of 9.631. The firm has a 50-day moving average price of $1.89 and a 200 day moving average price of $1.51.
ECA Marcellus Trust I (the Trust) is a statutory trust. The Trust is formed by Energy Corporation of America (ECA) to own royalty interests in natural gas properties owned and operated by ECA in the Marcellus Shale formation in Greene County, Pennsylvania. The Trust does not conduct any operations or activities.
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