Eco Atlantic Oil & Gas (CVE:EOG) Shares Up 40.5% – Should You Buy?

Eco Atlantic Oil & Gas Ltd (CVE:EOG)’s share price was up 40.5% on Monday . The company traded as high as C$0.30 and last traded at C$0.26. Approximately 3,763,059 shares traded hands during mid-day trading, an increase of 2,629% from the average daily volume of 137,871 shares. The stock had previously closed at C$0.19.

Eco Atlantic Oil & Gas Price Performance

The stock has a 50-day simple moving average of C$0.14 and a 200-day simple moving average of C$0.16. The stock has a market cap of C$86.69 million, a PE ratio of -30.56 and a beta of 1.07.

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 return on equity of 66.40% and a negative net margin of 296,358.74%.During the same period in the prior year, the business posted $0.00 EPS. As a group, equities research analysts anticipate that Eco Atlantic Oil & Gas Ltd will post -0.01 EPS 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.