Eco Atlantic Oil & Gas (CVE:EOG) Trading 51.4% Higher – Time to Buy?

Eco Atlantic Oil & Gas Ltd (CVE:EOG) shares rose 51.4% during trading on Tuesday . The stock traded as high as C$0.30 and last traded at C$0.28. Approximately 3,953,577 shares were traded 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 firm has a market capitalization of C$88.26 million, a price-to-earnings ratio of -31.11 and a beta of 1.07. The firm’s 50-day moving average price is C$0.15 and its two-hundred day moving average price is C$0.16.

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