Eco (Atlantic) Oil & Gas (LON:ECO) Trading 0.2% Higher

Eco (Atlantic) Oil & Gas Ltd. (LON:ECOGet Rating) shares shot up 0.2% on Friday . The stock traded as high as GBX 21 ($0.26) and last traded at GBX 20.80 ($0.25). 712,555 shares were traded during trading, an increase of 31% from the average session volume of 545,181 shares. The stock had previously closed at GBX 20.75 ($0.25).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 125 ($1.53) price target on shares of Eco (Atlantic) Oil & Gas in a report on Friday, November 18th.

Eco (Atlantic) Oil & Gas Stock Performance

The stock has a market capitalization of £76.11 million and a P/E ratio of -18.91. The company’s fifty day simple moving average is GBX 20.77 and its 200 day simple moving average is GBX 28. The company has a current ratio of 5.07, a quick ratio of 4.71 and a debt-to-equity ratio of 2.11.

About Eco (Atlantic) Oil & Gas

(Get Rating)

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.

Further Reading

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