ECA Marcellus Trust I (OTCMKTS:ECT) Shares Pass Above 200-Day Moving Average – Here’s What Happened
by Sarita Garza · The Markets DailyECA Marcellus Trust I (OTCMKTS:ECT – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.40 and traded as high as $0.4099. ECA Marcellus Trust I shares last traded at $0.4002, with a volume of 22,400 shares changing hands.
ECA Marcellus Trust I Stock Down 2.9%
The company’s 50-day simple moving average is $0.40 and its 200 day simple moving average is $0.40. The company has a market capitalization of $7.05 million, a P/E ratio of 5.00 and a beta of 2.00.
ECA Marcellus Trust I Company Profile
ECA Marcellus Trust I is a statutory royalty trust created to hold net profits interests in oil and natural gas properties situated in the Marcellus Shale region of Pennsylvania. The trust exists to receive and distribute the proceeds attributable to its working interests in designated leasehold areas, offering investors exposure to production revenues without the operational obligations of drilling or field development.
The trust’s asset base comprises net profits interests associated with wells operated primarily by Encana Oil & Gas (USA) Partners and affiliated operators.