Eca Marcellus Trust I (ECT) Trading Down 2.9%
Eca Marcellus Trust I (NYSE:ECT) shares traded down 2.9% during mid-day trading on Thursday . The company traded as low as $1.98 and last traded at $2.04, with a volume of 101,972 shares changing hands. The stock had previously closed at $2.10.
The stock has a market cap of $37.50 million and a price-to-earnings ratio of 11.09. The stock’s 50-day moving average price is $2.16 and its 200-day moving average price is $1.74.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Friday, August 19th were paid a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a yield of 5.26%. This is an increase from Eca Marcellus Trust I’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Wednesday, August 17th.
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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