Marine Petroleum Trust (NASDAQ:MARPS) Share Price Passes Below Fifty Day Moving Average of $2.17

Marine Petroleum Trust (NASDAQ:MARPS) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $2.17 and traded as low as $2.20. Marine Petroleum Trust shares last traded at $2.20, with a volume of 100 shares changing hands.

The business’s fifty day moving average is $2.17.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its quarterly earnings data on Wednesday, May 15th. The energy company reported $0.05 earnings per share (EPS) for the quarter. Marine Petroleum Trust had a net margin of 73.48% and a return on equity of 69.36%. The business had revenue of $0.18 million during the quarter.

About Marine Petroleum Trust (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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