ECA Marcellus Trust I (NYSE:ECT) hit a new 52-week high and low on Thursday . The stock traded as low as $1.45 and last traded at $1.56, with a volume of 50993 shares. The stock had previously closed at $1.50.
The firm has a market capitalization of $26.41, a price-to-earnings ratio of 4.55 and a beta of 1.50.
A hedge fund recently raised its stake in ECA Marcellus Trust I stock. Deutsche Bank AG lifted its position in ECA Marcellus Trust I (NYSE:ECT) by 76.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,627 shares of the oil and gas company’s stock after purchasing an additional 51,214 shares during the quarter. Deutsche Bank AG owned approximately 0.67% of ECA Marcellus Trust I worth $255,000 at the end of the most recent quarter. 3.63% of the stock is currently owned by hedge funds and other institutional investors.
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 horizontal natural gas wells producing from the Marcellus Shale formation located in Greene County, Pennsylvania; and 52 horizontal natural gas development wells drilled to the Marcellus Shale formation covering approximately 9,300 acres held by ECA in Greene County, Pennsylvania.
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