Eco Atlantic Oil & Gas (CVE:EOG) Stock Price Down 6.6% – Here’s What Happened
by Danessa Lincoln · The Markets DailyEco Atlantic Oil & Gas Ltd (CVE:EOG – Get Free Report) shares dropped 6.6% during trading on Tuesday . The company traded as low as C$0.97 and last traded at C$0.99. 349,961 shares traded hands during trading, an increase of 16% from the average daily volume of 301,056 shares. The stock had previously closed at C$1.06.
Eco Atlantic Oil & Gas Stock Down 6.6%
The company has a 50-day simple moving average of C$1.01 and a two-hundred day simple moving average of C$0.95. The firm has a market cap of C$346.21 million, a PE ratio of -43.04 and a beta of 0.12.
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.