Eco (Atlantic) Oil & Gas (LON:ECO) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Eco (Atlantic) Oil & Gas Ltd. (LON:ECO) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 9.84 ($0.13) and traded as low as GBX 8.50 ($0.11). Eco (Atlantic) Oil & Gas shares last traded at GBX 8.52 ($0.11), with a volume of 4,822,593 shares changing hands.

Eco (Atlantic) Oil & Gas Price Performance

The company’s 50-day moving average price is GBX 9.84 and its two-hundred day moving average price is GBX 10.43. The company has a market capitalization of £33.66 million, a P/E ratio of -1.77 and a beta of 1.95.

Eco (Atlantic) Oil & Gas (LON:ECO) last issued its quarterly earnings data on Thursday, February 27th. The company reported GBX (0.20) ($0.00) EPS for the quarter. Eco (Atlantic) Oil & Gas had a negative net margin of 296,358.74% and a negative return on equity of 66.40%.

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.