ECA Marcellus Trust I (OTCMKTS:ECTM – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.09 EPS for the quarter, Zacks reports. The firm had revenue of $1.79 million during the quarter.
ECA Marcellus Trust I Trading Down 4.8%
Shares of OTCMKTS:ECTM traded down $0.03 on Friday, reaching $0.60. 39,659 shares of the company’s stock were exchanged, compared to its average volume of 32,910. ECA Marcellus Trust I has a twelve month low of $0.45 and a twelve month high of $0.69. The company has a fifty day moving average of $0.55 and a 200-day moving average of $0.55. The company has a market capitalization of $10.56 million, a price-to-earnings ratio of 3.53 and a beta of 0.23.
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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