Blue Dolphin Energy (OTCMKTS:BDCO) Shares Cross Above 50 Day Moving Average – Should You Sell?

Blue Dolphin Energy Co. (OTCMKTS:BDCO)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1.37 and traded as high as $2.2619. Blue Dolphin Energy shares last traded at $2.20, with a volume of 32,401 shares traded.

Blue Dolphin Energy Stock Performance

The firm’s 50 day moving average is $1.37 and its 200 day moving average is $1.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.21 and a current ratio of 0.68. The stock has a market cap of $32.82 million, a P/E ratio of -4.07 and a beta of 0.38.

About Blue Dolphin Energy

Blue Dolphin Energy Company (OTCMKTS: BDCO) is an independent energy and marine transportation company headquartered in New Orleans, Louisiana. The firm focuses on the ownership, development and operation of refined petroleum product terminals and related infrastructure along the U.S. Gulf Coast. Its primary asset is a deepwater dock and storage terminal situated at Port Fourchon, Louisiana, which supports the loading and unloading of a variety of refined hydrocarbon products.

The company’s Port Fourchon facility features multiple above-ground storage tanks and a dedicated dock capable of accommodating oceangoing vessels, barges and offshore supply ships.