ECA Marcellus Trust I (OTCMKTS:ECTM – Get Rating) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 2,900 shares, a drop of 72.4% from the December 31st total of 10,500 shares. Based on an average daily volume of 154,400 shares, the days-to-cover ratio is presently 0.0 days.
ECA Marcellus Trust I Stock Performance
Shares of OTCMKTS ECTM remained flat at $1.65 during midday trading on Thursday. The company's stock had a trading volume of 44,981 shares, compared to its average volume of 72,646. The firm has a market capitalization of $29.05 million, a price-to-earnings ratio of 2.80 and a beta of 1.02. The business's 50 day moving average price is $2.18 and its 200-day moving average price is $2.48. ECA Marcellus Trust I has a 12 month low of $0.84 and a 12 month high of $3.50.
Get ECA Marcellus Trust I alerts:ECA Marcellus Trust I (OTCMKTS:ECTM – Get Rating) last announced its earnings results on Monday, November 14th. The company reported $0.18 earnings per share for the quarter. ECA Marcellus Trust I had a return on equity of 66.43% and a net margin of 86.89%. The company had revenue of $3.68 million during the quarter.
ECA Marcellus Trust I Increases Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, November 29th. Investors of record on Monday, November 21st were given a $0.18 dividend. This represents a yield of 25.26%. This is a positive change from ECA Marcellus Trust I's previous dividend of $0.18. The ex-dividend date of this dividend was Friday, November 18th. ECA Marcellus Trust I's dividend payout ratio (DPR) is presently 122.03%.ECA Marcellus Trust I Company Profile
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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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