Shares of Biloxi Marsh Lands Corp. (OTCMKTS:BLMC – Get Free Report) shot up 16.9% during mid-day trading on Thursday. The company traded as high as $4.50 and last traded at $4.50. Approximately 4,114 shares changed hands during trading, an increase of 8,120% from the average daily volume of 50 shares. The stock had previously closed at $3.85.
Biloxi Marsh Lands Stock Performance
The stock has a market cap of $11.29 million, a PE ratio of -8.04 and a beta of -1.64. The firm has a fifty day moving average price of $3.80 and a 200 day moving average price of $3.38.
About Biloxi Marsh Lands
Biloxi Marsh Lands Corporation (OTCMKTS: BLMC) is a Louisiana-based landholding and natural-resource company. The company owns and manages extensive marshland and wetlands in St. Bernard Parish, southeast of New Orleans, including property commonly associated with the Biloxi Marsh.
Its business activities primarily involve leasing portions of its land and related rights for uses such as oil and natural gas exploration and production, hunting, fishing, trapping, and other recreational or commercial activities.
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