ECA Marcellus Trust I (OTCMKTS:ECT) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of ECA Marcellus Trust I (OTCMKTS:ECTGet Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.40 and traded as high as $0.4099. ECA Marcellus Trust I shares last traded at $0.4002, with a volume of 22,400 shares changing hands.

ECA Marcellus Trust I Stock Down 2.9%

The firm’s 50 day simple moving average is $0.40 and its 200-day simple moving average is $0.40. The company has a market capitalization of $7.05 million, a PE ratio of 5.00 and a beta of 2.00.

About ECA Marcellus Trust I

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ECA Marcellus Trust I is a statutory trust. It owns royalty interest in producing wells and development wells. It also acquires horizontal natural gas development wells to be drilled to the Marcellus Shale formation. The company was founded in March 2010 and is headquartered in Houston, TX.

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