Eco (Atlantic) Oil & Gas (LON:ECO) Trading Up 5.4% – Here’s Why

Eco (Atlantic) Oil & Gas Ltd. (LON:ECOGet Free Report)’s share price traded up 5.4% during trading on Wednesday . The stock traded as high as GBX 12.50 ($0.15) and last traded at GBX 12.25 ($0.15). 1,091,907 shares changed hands during mid-day trading, an increase of 100% from the average session volume of 545,643 shares. The stock had previously closed at GBX 11.63 ($0.14).

Eco (Atlantic) Oil & Gas Stock Performance

The company has a debt-to-equity ratio of 2.11, a current ratio of 1.68 and a quick ratio of 4.71. The business has a 50 day moving average price of GBX 10.60 and a 200 day moving average price of GBX 11.27. The stock has a market capitalization of £44.42 million, a PE ratio of -300.00 and a beta of 1.95.

About Eco (Atlantic) Oil & Gas

(Get Free Report)

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.

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