Biloxi Marsh Lands Corp. (OTCMKTS:BLMC – Get Free Report) shares rose 2.7% during mid-day trading on Thursday. The company traded as high as $3.85 and last traded at $3.85. 1,000 shares changed hands during trading, The stock had previously closed at $3.75.
Biloxi Marsh Lands Trading Up 2.7%
The company has a 50-day simple moving average of $3.70 and a 200 day simple moving average of $3.24. The company has a market cap of $9.66 million, a P/E ratio of -6.87 and a beta of -1.60.
Biloxi Marsh Lands Company Profile
Biloxi Marsh Lands Corporation is a Louisiana-based landholding company focused on the ownership and management of marshland in the Biloxi Marsh area of St. Bernard Parish, southeast of New Orleans. The company’s property consists primarily of coastal wetlands and associated waterways.
The company’s activities are centered on managing its landholdings and generating revenue through leases and other property-related arrangements. These interests may include recreational uses, such as hunting and fishing, as well as rights associated with oil, gas, minerals, or other natural resources where applicable.
Biloxi Marsh Lands serves the southeastern Louisiana region and has historically operated as a specialized coastal landowner rather than as a conventional operating company.
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