Eco (Atlantic) Oil & Gas (LON:ECO) Stock Price Up 0.6%

Shares of Eco (Atlantic) Oil & Gas Ltd. (LON:ECO) rose 0.6% during trading on Thursday . The stock traded as high as GBX 8.10 ($0.10) and last traded at GBX 8 ($0.10). Approximately 627,527 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 703,458 shares. The stock had previously closed at GBX 7.95 ($0.10).

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 125 ($1.56) target price on shares of Eco (Atlantic) Oil & Gas in a research note on Monday, January 22nd.

Eco (Atlantic) Oil & Gas Price Performance

The company has a market cap of £29.61 million, a price-to-earnings ratio of -800.00 and a beta of 1.97. The company has a current ratio of 1.46, a quick ratio of 4.71 and a debt-to-equity ratio of 2.11. The company’s 50 day moving average price is GBX 9.39 and its 200 day moving average price is GBX 10.08.

About Eco (Atlantic) Oil & Gas

Eco (Atlantic) Oil & Gas Ltd. engages in the identification, acquisition, exploration, and development of the petroleum, natural gas, and shale gas properties in the Republic of Namibia and the Co-Operative Republic of Guyana. The company holds a 15% working interest in the Orinduik block comprising 1,800 square kilometers located in the Suriname Guyana basin; and 17.5% interests in the Canje Block covering an area of 4,800 square kilometers located in Guyana.