Eco Atlantic Oil & Gas (CVE:EOG) Reaches New 52-Week High – Still a Buy?

Eco Atlantic Oil & Gas Ltd (CVE:EOG)’s share price hit a new 52-week high on Wednesday . The stock traded as high as C$0.49 and last traded at C$0.48, with a volume of 414576 shares. The stock had previously closed at C$0.40.

Eco Atlantic Oil & Gas Trading Down 7.5%

The stock’s 50-day simple moving average is C$0.19 and its 200-day simple moving average is C$0.17. The stock has a market cap of C$116.64 million, a price-to-earnings ratio of -41.11 and a beta of 1.07.

Eco Atlantic Oil & Gas (CVE:EOG) last released 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 in the prior year, the business earned $0.00 earnings per share. On average, equities research analysts forecast that Eco Atlantic Oil & Gas Ltd will post -0.01 earnings per share for the current 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.