Shares of ECA Marcellus Trust I (OTCMKTS:ECT – Get Free Report) crossed above its 200-day moving average during trading on Monday . 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 trading hands.
ECA Marcellus Trust I Price Performance
The company has a market cap of $7.05 million, a price-to-earnings ratio of 5.00 and a beta of 2.00. The business’s fifty day moving average price is $0.40 and its 200 day moving average price is $0.40.
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.
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