Eco Atlantic Oil & Gas (CVE:EOG) Stock Price Up 45.9% – Here’s Why

Eco Atlantic Oil & Gas Ltd (CVE:EOG) rose 45.9% on Monday . The company traded as high as C$0.30 and last traded at C$0.27. Approximately 3,781,559 shares traded hands during trading, an increase of 2,604% from the average daily volume of 139,831 shares. The stock had previously closed at C$0.19.

Eco Atlantic Oil & Gas Stock Performance

The business has a fifty day moving average of C$0.16 and a two-hundred day moving average of C$0.16. The firm has a market capitalization of C$108.76 million, a price-to-earnings ratio of -38.33 and a beta of 1.07.

Eco Atlantic Oil & Gas (CVE:EOG) last posted its earnings results on Wednesday, November 19th. The company reported C$0.00 EPS for the quarter. Eco Atlantic Oil & Gas had a negative return on equity of 66.40% and a negative net margin of 296,358.74%.During the same period in the prior year, the business earned $0.00 EPS. As a group, sell-side analysts predict that Eco Atlantic Oil & Gas Ltd will post -0.01 EPS for the current fiscal 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.