ECA Marcellus Trust I (OTCMKTS:ECTM – Get Free Report) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 10,300 shares, a growth of 368.2% from the March 31st total of 2,200 shares. Based on an average daily volume of 57,000 shares, the short-interest ratio is currently 0.2 days.
ECA Marcellus Trust I Price Performance
Shares of ECTM stock traded up $0.03 during trading hours on Friday, hitting $0.45. The stock had a trading volume of 5,143 shares, compared to its average volume of 20,804. The firm has a market capitalization of $7.96 million, a PE ratio of 5.66 and a beta of 0.56. ECA Marcellus Trust I has a twelve month low of $0.34 and a twelve month high of $1.48. The stock’s 50 day moving average is $0.46 and its 200 day moving average is $0.49.
ECA Marcellus Trust I (OTCMKTS:ECTM – Get Free Report) last posted its quarterly earnings data on Friday, March 22nd. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $0.69 million during the quarter.
ECA Marcellus Trust I Increases Dividend
About ECA Marcellus Trust I
ECA Marcellus Trust I owns royalty interests in producing and development horizontal natural gas wells for Energy Corporation of America (ECA). The company owns royalty interests in 14 producing wells and 52 development wells located in the Greene County, Pennsylvania. Its royalty interests in the producing wells allow the company to receive 90% of the proceeds from the sale of production of natural gas attributable to ECA's interest in the producing wells; and 50% of the proceeds from the sale of production of natural gas attributable to ECA's interest in the development wells.
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