Eco Atlantic Oil & Gas (CVE:EOG) Shares Down 2% - Here's What Happened

Key Points

• Shares fell about 2% to C$0.99 on Monday, with only ~88,937 shares traded — roughly 78% below its average daily volume.
• The company has a market capitalization of C$342.38 million and a negative P/E of -330, reflecting its development-stage, currently unprofitable status.
• Eco Atlantic holds exploration interests including the Orinduik block in the Guyana basin, a 25% working interest in the Cooper block (covering 1,100 kilometers) and four offshore licenses totaling about 25,000 km² in Namibia.

Eco Atlantic Oil & Gas Ltd (CVE:EOG - ) dropped 2% during trading on Monday . The company traded as low as C$0.98 and last traded at C$0.99. Approximately 88,937 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 397,995 shares. The stock had previously closed at C$1.01.

Eco Atlantic Oil & Gas Stock Down 2.0%

The firm has a market cap of C$342.38 million, a price-to-earnings ratio of -330.00 and a beta of 0.01. The stock has a 50 day moving average of C$0.83 and a 200 day moving average of C$0.47.

Eco Atlantic Oil & Gas Company Profile

Eco (Atlantic) Oil & Gas Ltd., a development stage company, engages in the identification, acquisition, exploration, and development of petroleum, natural gas, and shale gas properties. The company holds a working interest in the Orinduik block in the Suriname Guyana basin, the Co-Operative Republic of Guyana; a 25% working interest in the Cooper block covering 1,100 kilometers located in Namibia; and interests in four offshore petroleum licenses totaling approximately 25,000 square kilometers located in the Republic of Namibia.

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