ECA Marcellus Trust I (OTCMKTS:ECT) Stock Passes Above 200 Day Moving Average – Time to Sell?

ECA Marcellus Trust I (OTCMKTS:ECT)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.

ECA Marcellus Trust I Stock Performance

The stock’s 50 day moving average price is $0.40 and its 200 day moving average price is $0.40. The company has a market capitalization of $7.05 million, a P/E ratio of 5.00 and a beta of 2.00.

About ECA Marcellus Trust I

ECA Marcellus Trust I is a statutory royalty trust created to hold net profits interests in oil and natural gas properties situated in the Marcellus Shale region of Pennsylvania. The trust exists to receive and distribute the proceeds attributable to its working interests in designated leasehold areas, offering investors exposure to production revenues without the operational obligations of drilling or field development.

The trust’s asset base comprises net profits interests associated with wells operated primarily by Encana Oil & Gas (USA) Partners and affiliated operators.