Eco (Atlantic) Oil & Gas (LON:ECO) Stock Price Up 11.7% – Should You Buy?

Posted by Cynthia Vaughn on Dec 18th, 2024

Eco (Atlantic) Oil & Gas Ltd. (LON:ECO – Get Free Report)’s share price was up 11.7% on Wednesday . The company traded as high as GBX 12.74 ($0.16) and last traded at GBX 12.45 ($0.16). Approximately 1,356,864 shares were traded during trading, an increase of 49% from the average daily volume of 907,712 shares. The stock had previously closed at GBX 11.15 ($0.14).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 125 ($1.59) price objective on shares of Eco (Atlantic) Oil & Gas in a research note on Thursday, August 29th.

Get Our Latest Research Report on Eco (Atlantic) Oil & Gas

Eco (Atlantic) Oil & Gas Price Performance

The company has a market capitalization of £44.98 million, a PE ratio of -311.25 and a beta of 1.95. The company has a quick ratio of 4.71, a current ratio of 1.68 and a debt-to-equity ratio of 2.11. The firm’s 50-day moving average is GBX 10.16 and its 200-day moving average is GBX 11.45.

Eco (Atlantic) Oil & Gas Company Profile

(Get Free Report)

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.