Eco (Atlantic) Oil & Gas (LON:ECO) Shares Up 0.6%

Eco (Atlantic) Oil & Gas Ltd. (LON:ECO)’s share price shot up 0.6% during mid-day trading on Thursday . The stock traded as high as GBX 8.10 ($0.10) and last traded at GBX 8 ($0.10). 627,527 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 703,458 shares. The stock had previously closed at GBX 7.95 ($0.10).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 125 ($1.56) price objective on shares of Eco (Atlantic) Oil & Gas in a research report on Monday, January 22nd.

Eco (Atlantic) Oil & Gas Stock Performance

The company has a debt-to-equity ratio of 2.11, a quick ratio of 4.71 and a current ratio of 1.46. The stock has a market cap of £29.61 million, a P/E ratio of -800.00 and a beta of 1.97. The firm’s 50 day moving average is GBX 9.44 and its 200 day moving average is GBX 10.10.

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.