Eco Atlantic Oil & Gas (CVE:EOG) Stock Price Up 48.6% – What’s Next?

Eco Atlantic Oil & Gas Ltd (CVE:EOG)’s share price rose 48.6% during mid-day trading on Monday . The company traded as high as C$0.30 and last traded at C$0.28. Approximately 3,822,777 shares were traded during mid-day trading, an increase of 2,630% from the average daily volume of 140,019 shares. The stock had previously closed at C$0.19.

Eco Atlantic Oil & Gas Price Performance

The stock has a market cap of C$108.76 million, a price-to-earnings ratio of -38.33 and a beta of 1.07. The firm has a 50 day simple moving average of C$0.16 and a two-hundred day simple moving average of C$0.16.

Eco Atlantic Oil & Gas (CVE:EOG) last released its quarterly earnings data on Wednesday, November 19th. The company reported C$0.00 EPS 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 in the previous year, the company posted $0.00 earnings per share. On average, sell-side analysts expect that Eco Atlantic Oil & Gas Ltd will post -0.01 earnings per share for the current fiscal year.

Eco Atlantic Oil & Gas Company Profile

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.