Eco Atlantic Oil & Gas (CVE:EOG) Hits New 1-Year High – Here’s Why

Shares of Eco Atlantic Oil & Gas Ltd (CVE:EOG) reached a new 52-week high during trading on Wednesday . The company traded as high as C$0.52 and last traded at C$0.51, with a volume of 421009 shares trading hands. The stock had previously closed at C$0.46.

Eco Atlantic Oil & Gas Stock Up 12.1%

The stock has a market capitalization of C$160.77 million, a price-to-earnings ratio of -56.67 and a beta of 1.07. The business’s 50 day simple moving average is C$0.23 and its 200-day simple moving average is C$0.18.

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 (EPS) 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 quarter last year, the business posted $0.00 EPS. On average, analysts expect that Eco Atlantic Oil & Gas Ltd will post -0.01 earnings per share 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.