Eco Atlantic Oil & Gas (CVE:EOG) Sets New 52-Week High – Should You Buy?

Shares of Eco Atlantic Oil & Gas Ltd (CVE:EOGGet Free Report) reached a new 52-week high on Tuesday . The company traded as high as C$0.95 and last traded at C$0.87, with a volume of 571855 shares trading hands. The stock had previously closed at C$0.88.

Eco Atlantic Oil & Gas Stock Performance

The company has a market capitalization of C$342.14 million, a PE ratio of -111.11 and a beta of 0.37. The company’s fifty day moving average is C$0.66 and its 200-day moving average is C$0.36.

About Eco Atlantic Oil & Gas

(Get Free Report)

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.

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