Eco Atlantic Oil & Gas (CVE:EOG) Shares Up 8.1% – Here’s What Happened

Eco Atlantic Oil & Gas Ltd (CVE:EOG) shot up 8.1% during trading on Tuesday . The stock traded as high as C$1.09 and last traded at C$1.07. 316,278 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 395,471 shares. The stock had previously closed at C$0.99.

Eco Atlantic Oil & Gas Price Performance

The company’s 50 day moving average price is C$0.85 and its 200 day moving average price is C$0.48. The firm has a market cap of C$345.84 million, a PE ratio of -333.33 and a beta of 0.01.

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.