Eco (Atlantic) Oil & Gas (LON:ECO) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Shares of Eco (Atlantic) Oil & Gas Ltd. (LON:ECO) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 10.90 ($0.14) and traded as low as GBX 8.74 ($0.11). Eco (Atlantic) Oil & Gas shares last traded at GBX 9 ($0.12), with a volume of 1,365,411 shares trading hands.

Eco (Atlantic) Oil & Gas Price Performance

The firm has a fifty day simple moving average of GBX 10.81 and a 200 day simple moving average of GBX 10.86. The company has a market cap of £35.14 million, a price-to-earnings ratio of -1.85 and a beta of 1.95.

Eco (Atlantic) Oil & Gas (LON:ECO) last announced its quarterly earnings results on Thursday, February 27th. The company reported GBX (0.20) ($0.00) 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%.

Eco (Atlantic) Oil & Gas Company Profile

Eco Atlantic is a TSX-V and AIM-quoted Atlantic Margin-focused oil & gas exploration company with offshore license interests in Guyana, Namibia, and South Africa. Eco aims to deliver material value for its stakeholders through its role in the energy transition to explore for low carbon intensity oil and gas in stable emerging markets close to infrastructure.