Eco Atlantic Oil & Gas (CVE:EOG) Trading 17.2% Higher – Here’s What Happened

Eco Atlantic Oil & Gas Ltd (CVE:EOG) traded up 17.2% on Thursday . The company traded as high as C$0.20 and last traded at C$0.17. 1,741,853 shares changed hands during mid-day trading, an increase of 1,439% from the average session volume of 113,198 shares. The stock had previously closed at C$0.15.

Eco Atlantic Oil & Gas Trading Up 20.7%

The company has a 50-day moving average of C$0.14 and a 200-day moving average of C$0.16. The firm has a market capitalization of C$55.17 million, a price-to-earnings ratio of -21.88 and a beta of 0.70.

Eco Atlantic Oil & Gas (CVE:EOG) last released its 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 quarter last year, the business earned $0.00 earnings per share. On average, research analysts forecast 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.