Eca Marcellus Trust I (ECT) Trading Down 2.9%
Shares of Eca Marcellus Trust I (NYSE:ECT) were down 2.9% on Thursday . The stock traded as low as $1.98 and last traded at $2.04, with a volume of 101,972 shares traded. The stock had previously closed at $2.10.
The firm has a market capitalization of $37.14 million and a price-to-earnings ratio of 10.99. The firm has a 50 day moving average of $2.16 and a 200 day moving average of $1.74.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Friday, August 19th were issued a dividend of $0.028 per share. This is a positive change from Eca Marcellus Trust I’s previous quarterly dividend of $0.03. The ex-dividend date was Wednesday, August 17th. This represents a $0.11 dividend on an annualized basis and a yield of 5.21%.
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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