Eco (Atlantic) Oil & Gas (OTCMKTS:ECAOF) Shares Down 2.2% – Time to Sell?

Eco (Atlantic) Oil & Gas Ltd. (OTCMKTS:ECAOF) shares dropped 2.2% during mid-day trading on Tuesday . The company traded as low as $0.3650 and last traded at $0.3650. Approximately 167,962 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 130,572 shares. The stock had previously closed at $0.3732.

Eco (Atlantic) Oil & Gas Trading Down 2.2%

The firm has a 50-day simple moving average of $0.25 and a 200 day simple moving average of $0.16.

About Eco (Atlantic) Oil & Gas

Eco (Atlantic) Oil & Gas Ltd is a junior resource exploration and development company focused on identifying and advancing hydrocarbon prospects in under-explored offshore basins. The company adopts a disciplined approach to acquiring, interpreting and de-risking exploration acreage, targeting high-potential plays where seismic data and subsurface modeling can unlock value. Its strategy centers on building a diversified portfolio of licenses in frontier regions, with the aim of attracting farm-out partners to fund drilling and production activities.

Eco Atlantic’s primary assets are located off the West Coast of Africa and in the Caribbean.