Eco Atlantic Oil & Gas (CVE:EOG) Stock Price Down 4.7%

Eco Atlantic Oil & Gas Ltd (CVE:EOG)’s share price dropped 4.7% during trading on Tuesday . The stock traded as low as C$1.22 and last traded at C$1.23, approximately 15,187 shares changed hands during trading. A decline of 90% from the average daily volume of 146,714 shares. The stock had previously closed at C$1.29.

The firm has a market capitalization of $234.01 million and a P/E ratio of 17.16. The firm’s 50-day simple moving average is C$1.40.

About Eco Atlantic Oil & Gas (CVE:EOG)

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.

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