ECA Marcellus Trust I (OTCMKTS:ECTM – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.09 earnings per share for the quarter, Zacks reports.
ECA Marcellus Trust I Price Performance
Shares of ECTM opened at $0.56 on Thursday. The stock has a 50-day moving average of $0.55 and a 200-day moving average of $0.55. The company has a market cap of $9.86 million, a PE ratio of 4.31 and a beta of 0.23. ECA Marcellus Trust I has a one year low of $0.45 and a one year high of $0.69.
ECA Marcellus Trust I Company Profile
ECA Marcellus Trust I is a statutory trust formed in September 2010 by Encana Corporation to hold and monetize natural gas interests in the Marcellus Shale region of the Appalachian Basin. The trust owns a net profits interest—sometimes referred to as a royalty interest—in a portfolio of nearly 80 wells located primarily in Pennsylvania and West Virginia. Revenues generated from the sale of natural gas and natural gas liquids from these properties, after the deduction of operating expenses, are passed through to trust unitholders.
As a passive investment vehicle, ECA Marcellus Trust I does not engage directly in exploration, drilling or day-to-day field operations.
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