ECA Marcellus Trust I (OTCMKTS:ECTM – Get Free Report) issued its earnings results on Wednesday. The company reported $0.09 earnings per share for the quarter, Zacks reports.
ECA Marcellus Trust I Trading Up 3.7%
ECA Marcellus Trust I stock traded up $0.02 during mid-day trading on Wednesday, reaching $0.56. The company had a trading volume of 2,520 shares, compared to its average volume of 29,648. ECA Marcellus Trust I has a fifty-two week low of $0.45 and a fifty-two week high of $0.69. The company has a market cap of $9.86 million, a P/E ratio of 4.31 and a beta of 0.23. The business has a fifty day simple moving average of $0.55 and a 200 day simple moving average of $0.55.
About ECA Marcellus Trust I
ECA Marcellus Trust I is a statutory trust formed in September 2010 by Encana Corporation to hold and monetize natural gas interests in the Marcellus Shale region of the Appalachian Basin. The trust owns a net profits interest—sometimes referred to as a royalty interest—in a portfolio of nearly 80 wells located primarily in Pennsylvania and West Virginia. Revenues generated from the sale of natural gas and natural gas liquids from these properties, after the deduction of operating expenses, are passed through to trust unitholders.
As a passive investment vehicle, ECA Marcellus Trust I does not engage directly in exploration, drilling or day-to-day field operations.
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