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

Eco (Atlantic) Oil & Gas Ltd. (LON:ECO) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 9.84 ($0.13) and traded as low as GBX 8.50 ($0.11). Eco (Atlantic) Oil & Gas shares last traded at GBX 8.52 ($0.11), with a volume of 4,822,593 shares trading hands.

Eco (Atlantic) Oil & Gas Trading Down 0.3 %

The business has a 50-day moving average of GBX 9.84 and a 200 day moving average of GBX 10.45. The firm has a market capitalization of £33.66 million, a P/E ratio of -1.77 and a beta of 1.95.

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

About Eco (Atlantic) Oil & Gas

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.