ECA Marcellus Trust I (OTCMKTS:ECT) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?
by Renee Jackson · The Cerbat GemECA Marcellus Trust I (OTCMKTS:ECT – Get Free Report)’s share price passed 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 Down 2.9%
The stock has a market capitalization of $7.05 million, a PE ratio of 5.00 and a beta of 2.00. The firm has a 50 day moving average price of $0.40 and a 200 day moving average price of $0.40.
About ECA Marcellus Trust I
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.