Eco Atlantic Oil & Gas (CVE:EOG) Trading Up 51.4% – Here’s Why

Shares of Eco Atlantic Oil & Gas Ltd (CVE:EOG) were up 51.4% on Monday . The company traded as high as C$0.30 and last traded at C$0.28. Approximately 3,953,577 shares traded hands during mid-day trading, an increase of 2,712% from the average daily volume of 140,620 shares. The stock had previously closed at C$0.19.

Eco Atlantic Oil & Gas Stock Performance

The company has a market cap of C$88.26 million, a price-to-earnings ratio of -31.11 and a beta of 1.07. The firm’s 50 day simple moving average is C$0.15 and its 200-day simple moving average is C$0.16.

Eco Atlantic Oil & Gas (CVE:EOG) last posted its quarterly earnings results on Wednesday, November 19th. The company reported C$0.00 earnings per share for the quarter. Eco Atlantic Oil & Gas had a negative net margin of 296,358.74% and a negative return on equity of 66.40%. During the same period in the prior year, the company earned $0.00 EPS. As a group, sell-side analysts expect that Eco Atlantic Oil & Gas Ltd will post -0.01 EPS for the current fiscal year.

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.