Eco Atlantic Oil & Gas (CVE:EOG) Hits New 1-Year High – Should You Buy?
by Michael Walen · The Markets DailyEco Atlantic Oil & Gas Ltd (CVE:EOG – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$0.74 and last traded at C$0.73, with a volume of 335932 shares. The stock had previously closed at C$0.69.
Eco Atlantic Oil & Gas Stock Performance
The business has a 50-day simple moving average of C$0.55 and a 200 day simple moving average of C$0.30. The firm has a market cap of C$232.66 million, a P/E ratio of -75.56 and a beta of 0.46.
Eco Atlantic Oil & Gas (CVE:EOG – Get Free Report) last posted its earnings results on Wednesday, November 19th. The company reported C$0.00 earnings per share (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 quarter in the previous year, the firm earned $0.00 EPS. On average, research analysts expect 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.