Eco Atlantic Oil & Gas (CVE:EOG) Stock Price Up 17.2% – Here’s What Happened

Eco Atlantic Oil & Gas Ltd (CVE:EOG)’s stock price was up 17.2% during trading on Thursday . The company traded as high as C$0.20 and last traded at C$0.17. Approximately 1,589,603 shares changed hands during trading, an increase of 1,339% from the average daily volume of 110,492 shares. The stock had previously closed at C$0.15.

Eco Atlantic Oil & Gas Price Performance

The stock’s 50 day simple moving average is C$0.14 and its two-hundred day simple moving average is C$0.16. The company has a market capitalization of C$55.17 million, a P/E ratio of -21.88 and a beta of 0.70.

Eco Atlantic Oil & Gas (CVE:EOG) last issued its quarterly earnings results on Wednesday, November 19th. The company reported C$0.00 earnings per share for the quarter. Eco Atlantic Oil & Gas had a negative net margin of 296,358.74% and a negative return on equity of 66.40%. During the same period last year, the company earned $0.00 earnings per share. As a group, equities research analysts expect that Eco Atlantic Oil & Gas Ltd will post -0.01 earnings per share for the current year.

About Eco Atlantic Oil & Gas

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.