Eco (Atlantic) Oil & Gas Ltd. (LON:ECO – Get Free Report) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 11.66 ($0.15) and traded as low as GBX 9.26 ($0.12). Eco (Atlantic) Oil & Gas shares last traded at GBX 9.60 ($0.13), with a volume of 2,407,567 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank restated a “buy” rating and set a GBX 125 ($1.63) price objective on shares of Eco (Atlantic) Oil & Gas in a report on Thursday, August 29th.
View Our Latest Analysis on ECO
Eco (Atlantic) Oil & Gas Stock Performance
About Eco (Atlantic) Oil & Gas
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.
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