MARPS - Marine Petroleum Trust Units of Beneficial Interest: The Winning Streak Continues (MARPS)
Marine Petroleum Trust Units of Beneficial Interest (NASDAQ:MARPS) traded today at a new 52-week high of $11.00. So far today approximately 4.9 million shares have been exchanged, as compared to an average 30-day volume of 126,000 shares.
Marine Petroleum Trust Units of Beneficial Interest (NASDAQ:MARPS) defies analysts with a current price ($11.00) 77.6% above its average consensus price target of $2.47.
In the past 52 weeks, shares of Marine Petroleum Trust Units of Beneficial Interest have traded between a low of $3.75 and a high of $11.00 and is now at $11.00, which is 193% above that low price.
Marine Petroleum Trust is a U.S based royalty trust. It provides administration and liquidation of rights to payments from oil and natural gas leases in the Gulf of Mexico. The Trust's subsidiary holds title to interests in properties which are situated offshore of Louisiana. The revenues of the trust are derived from the oil and natural gas production activities of third parties.
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