Marine Petroleum Trust Units of Beneficial Interest (NASDAQ:MARPS) traded today at a new 52-week high of $31.55. So far today approximately 4.9 million shares have been exchanged, as compared to an average 30-day volume of 369,000 shares.
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.
In the past 52 weeks, Marine Petroleum Trust Units of Beneficial Interest share prices are bracketed by a low of $3.75 and a high of $31.55 and is now at $19.59, 422% above that low price.
Marine Petroleum Trust Units of Beneficial Interest (NASDAQ:MARPS) is currently priced 87.4% above its average consensus analyst price target of $2.47.
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