Biloxi Marsh Lands Corp. (OTCMKTS:BLMC – Get Free Report)’s stock price was up 18.9% on Wednesday . The stock traded as high as $2.45 and last traded at $2.45. Approximately 1,500 shares were traded during trading, an increase of 29,900% from the average daily volume of 5 shares. The stock had previously closed at $2.06.
Biloxi Marsh Lands Trading Up 18.9%
The firm has a market cap of $6.15 million, a P/E ratio of -4.37 and a beta of -1.89. The business has a 50-day moving average price of $2.16 and a 200-day moving average price of $1.97.
Biloxi Marsh Lands (OTCMKTS:BLMC – Get Free Report) last issued its quarterly earnings data on Thursday, December 4th. The energy company reported ($0.21) earnings per share (EPS) for the quarter.
Biloxi Marsh Lands Company Profile
Biloxi Marsh Lands Corporation (OTCMKTS: BLMC) is a mineral holdings company focused on generating royalty income from oil and gas production. The company’s primary business activity involves owning and managing mineral rights in southeastern Louisiana, where it enters into lease agreements with exploration and production companies. Through these leases, Biloxi Marsh Lands collects royalties based on the volume of hydrocarbons extracted, providing a steady revenue stream without directly undertaking drilling or operational responsibilities.
Biloxi Marsh Lands’ portfolio consists predominantly of acreage located in the coastal marshes and onshore fields of the Gulf Coast region.
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