Eco Atlantic Oil & Gas Ltd (LON:ECO)’s share price fell 1% during mid-day trading on Thursday . The company traded as low as GBX 49.32 ($0.64) and last traded at GBX 51 ($0.67), 435,588 shares traded hands during mid-day trading. An increase of 79% from the average session volume of 243,202 shares. The stock had previously closed at GBX 51.50 ($0.67).
Separately, Berenberg Bank decreased their price objective on shares of Eco Atlantic Oil & Gas from GBX 230 ($3.01) to GBX 170 ($2.22) and set a “buy” rating on the stock in a research report on Thursday, November 14th.
The company has a market capitalization of $92.60 million and a P/E ratio of -14.17. The company has a 50 day moving average of GBX 98.78 and a 200-day moving average of GBX 102.38.
Eco Atlantic Oil & Gas Company Profile (LON:ECO)
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 40% working interest in the Orinduik block comprising 1,800 square kilometers located 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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