ECA Marcellus Trust I (OTCMKTS:ECTM – Get Free Report) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 2,200 shares, a drop of 15.4% from the March 15th total of 2,600 shares. Based on an average trading volume of 17,200 shares, the short-interest ratio is currently 0.1 days.
ECA Marcellus Trust I Stock Performance
Shares of ECTM remained flat at $0.45 during trading on Tuesday. 15,414 shares of the company’s stock were exchanged, compared to its average volume of 25,220. The firm has a market cap of $7.98 million, a PE ratio of 5.66 and a beta of 0.56. The business’s fifty day moving average is $0.46 and its 200-day moving average is $0.51. ECA Marcellus Trust I has a 1-year low of $0.34 and a 1-year high of $1.48.
ECA Marcellus Trust I (OTCMKTS:ECTM – Get Free Report) last issued its quarterly earnings results on Friday, March 22nd. The company reported $0.03 earnings per share (EPS) 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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