Eco (Atlantic) Oil & Gas Ltd. (LON:ECO – Get Rating)’s share price was down 3.9% on Friday . The company traded as low as GBX 18 ($0.22) and last traded at GBX 18.50 ($0.22). Approximately 362,080 shares were traded during trading, a decline of 78% from the average daily volume of 1,648,067 shares. The stock had previously closed at GBX 19.25 ($0.23).
Wall Street Analyst Weigh In
Separately, Berenberg Bank reissued a “buy” rating and set a GBX 125 ($1.51) target price on shares of Eco (Atlantic) Oil & Gas in a research report on Friday, November 18th.
Eco (Atlantic) Oil & Gas Stock Performance
The stock has a market cap of £63.64 million and a price-to-earnings ratio of -16.82. The company has a debt-to-equity ratio of 2.11, a quick ratio of 4.71 and a current ratio of 5.07. The stock’s 50-day simple moving average is GBX 26.46 and its two-hundred day simple moving average is GBX 28.77.
About Eco (Atlantic) Oil & Gas
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.
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