Eco (Atlantic) Oil & Gas (LON:ECO) Shares Down 2.3% – Time to Sell?

Shares of Eco (Atlantic) Oil & Gas Ltd. (LON:ECO) dropped 2.3% during mid-day trading on Friday . The stock traded as low as GBX 10.50 ($0.13) and last traded at GBX 10.50 ($0.13). Approximately 4,434 shares traded hands during trading, a decline of 99% from the average daily volume of 531,958 shares. The stock had previously closed at GBX 10.75 ($0.13).

Eco (Atlantic) Oil & Gas Stock Performance

The company has a debt-to-equity ratio of 2.11, a quick ratio of 4.71 and a current ratio of 1.68. The business has a 50-day moving average price of GBX 11.14 and a 200 day moving average price of GBX 11.13. The stock has a market capitalization of £38.87 million, a P/E ratio of -262.50 and a beta of 1.95.

Eco (Atlantic) Oil & Gas (LON:ECO) last announced its quarterly earnings results on Wednesday, November 27th. The company reported GBX (0.40) ($0.00) earnings per share for the quarter.

Eco (Atlantic) Oil & Gas Company Profile

Eco Atlantic is a TSX-V and AIM-quoted Atlantic Margin-focused oil & gas exploration company with offshore license interests in Guyana, Namibia, and South Africa. Eco aims to deliver material value for its stakeholders through its role in the energy transition to explore for low carbon intensity oil and gas in stable emerging markets close to infrastructure.