ECA Marcellus Trust I (OTCMKTS:ECTM – Get Free Report) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 2,200 shares, a decrease of 15.4% from the March 15th total of 2,600 shares. Based on an average daily volume of 17,200 shares, the days-to-cover ratio is presently 0.1 days.
ECA Marcellus Trust I Price Performance
ECA Marcellus Trust I stock remained flat at $0.45 during midday trading on Tuesday. 15,414 shares of the company’s stock traded hands, compared to its average volume of 25,220. The business’s 50 day simple moving average is $0.46 and its 200-day simple moving average is $0.51. ECA Marcellus Trust I has a 12-month low of $0.34 and a 12-month high of $1.48. The firm has a market capitalization of $7.98 million, a P/E ratio of 5.66 and a beta of 0.56.
ECA Marcellus Trust I (OTCMKTS:ECTM – Get Free Report) last posted its quarterly earnings data on Friday, March 22nd. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $0.69 million for the quarter.
ECA Marcellus Trust I Increases Dividend
ECA Marcellus Trust I Company Profile
ECA Marcellus Trust I owns royalty interests in producing and development horizontal natural gas wells for Energy Corporation of America (ECA). The company owns royalty interests in 14 producing wells and 52 development wells located in the Greene County, Pennsylvania. Its royalty interests in the producing wells allow the company to receive 90% of the proceeds from the sale of production of natural gas attributable to ECA's interest in the producing wells; and 50% of the proceeds from the sale of production of natural gas attributable to ECA's interest in the development wells.
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