Eco (Atlantic) Oil & Gas (LON:ECO) Stock Price Up 8.5% – Time to Buy?

Posted by Doug Madison on Dec 14th, 2024

Eco (Atlantic) Oil & Gas Ltd. (LON:ECO – Get Free Report) traded up 8.5% on Thursday . The company traded as high as GBX 11.20 ($0.14) and last traded at GBX 11.12 ($0.14). 2,349,430 shares traded hands during mid-day trading, an increase of 160% from the average session volume of 904,982 shares. The stock had previously closed at GBX 10.25 ($0.13).

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 125 ($1.58) target price on shares of Eco (Atlantic) Oil & Gas in a report on Thursday, August 29th.

Read Our Latest Stock Report on ECO

Eco (Atlantic) Oil & Gas Stock Performance

The stock’s 50-day moving average price is GBX 10.17 and its 200 day moving average price is GBX 11.52. 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 firm has a market cap of £40.72 million, a P/E ratio of -275.00 and a beta of 1.95.

About Eco (Atlantic) Oil & Gas

(Get Free Report)

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.