Eco (Atlantic) Oil & Gas (LON:ECO) Shares Up 0.2%

Eco (Atlantic) Oil & Gas Ltd. (LON:ECOGet Rating)’s share price was up 0.2% on Friday . The stock traded as high as GBX 21 ($0.26) and last traded at GBX 20.80 ($0.25). Approximately 712,555 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 545,181 shares. The stock had previously closed at GBX 20.75 ($0.25).

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 125 ($1.53) target price on shares of Eco (Atlantic) Oil & Gas in a research report on Friday, November 18th.

Eco (Atlantic) Oil & Gas Price Performance

The business has a 50-day moving average price of GBX 20.77 and a two-hundred day moving average price of GBX 28. The company has a quick ratio of 4.71, a current ratio of 5.07 and a debt-to-equity ratio of 2.11. The company has a market capitalization of £76.11 million and a price-to-earnings ratio of -18.91.

Eco (Atlantic) Oil & Gas Company Profile

(Get Rating)

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 interests in the Canje Block covering an area of 4,800 square kilometers located in Guyana.

Further Reading

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