Marine Petroleum Trust (NASDAQ:MARPS) Share Price Passes Below Two Hundred Day Moving Average of $2.10
Marine Petroleum Trust (NASDAQ:MARPS)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.10 and traded as low as $2.01. Marine Petroleum Trust shares last traded at $2.03, with a volume of 2,419 shares trading hands.
The business’s 50 day moving average is $1.94 and its 200-day moving average is $2.10.
Marine Petroleum Trust (NASDAQ:MARPS) last released its quarterly earnings results on Thursday, November 14th. The energy company reported $0.07 earnings per share (EPS) for the quarter. Marine Petroleum Trust had a net margin of 66.42% and a return on equity of 57.85%. The firm had revenue of $0.20 million for the quarter.
Marine Petroleum Trust Company Profile (NASDAQ:MARPS)
Marine Petroleum Trust (the Trust) is a royalty trust. The Trust is engaged in the administration and liquidation of rights to payments from certain oil and natural gas leases in the Gulf of Mexico, under license agreements and amendments between the Trust’s predecessors and Chevron Corporation (Chevron) and its assignees.
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