Eco (Atlantic) Oil & Gas (LON:ECO) Stock Price Down 1% – Here’s What Happened

Eco (Atlantic) Oil & Gas Ltd. (LON:ECO) shares traded down 1% during trading on Friday . The company traded as low as GBX 10 ($0.13) and last traded at GBX 10.25 ($0.13). 594,926 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 920,714 shares. The stock had previously closed at GBX 10.35 ($0.13).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 125 ($1.57) price objective on shares of Eco (Atlantic) Oil & Gas in a research note on Thursday, August 29th.

Eco (Atlantic) Oil & Gas Stock Down 1.0 %

The company has a debt-to-equity ratio of 2.11, a current ratio of 1.68 and a quick ratio of 4.71. The stock has a market capitalization of £37.94 million, a price-to-earnings ratio of -256.25 and a beta of 1.95. The firm’s fifty day moving average is GBX 10.52 and its 200-day moving average is GBX 11.90.

Eco (Atlantic) Oil & Gas Company Profile

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 17.5% interests in the Canje Block covering an area of 4,800 square kilometers located in Guyana.