ECA Marcellus Trust I (OTCMKTS:ECT) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of ECA Marcellus Trust I (OTCMKTS:ECTGet Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.40 and traded as high as $0.4099. ECA Marcellus Trust I shares last traded at $0.4002, with a volume of 22,400 shares.

ECA Marcellus Trust I Stock Performance

The stock’s 50 day moving average price is $0.40 and its 200-day moving average price is $0.40. The company has a market cap of $7.05 million, a PE ratio of 5.00 and a beta of 2.00.

ECA Marcellus Trust I Company Profile

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ECA Marcellus Trust I is a statutory royalty trust created to hold net profits interests in oil and natural gas properties situated in the Marcellus Shale region of Pennsylvania. The trust exists to receive and distribute the proceeds attributable to its working interests in designated leasehold areas, offering investors exposure to production revenues without the operational obligations of drilling or field development.

The trust’s asset base comprises net profits interests associated with wells operated primarily by Encana Oil & Gas (USA) Partners and affiliated operators.

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