Biloxi Marsh Lands (OTCMKTS:BLMC) Stock Price Down 25% – Time to Sell?

Biloxi Marsh Lands Co. (OTCMKTS:BLMC) dropped 25% during mid-day trading on Tuesday . The stock traded as low as $3.00 and last traded at $3.00. Approximately 4,120 shares were traded during mid-day trading, The stock had previously closed at $4.00.

Biloxi Marsh Lands Stock Performance

The stock’s fifty day moving average price is $3.02 and its 200 day moving average price is $3.77. The stock has a market cap of $7.52 million, a P/E ratio of 100.00 and a beta of -0.77.

Biloxi Marsh Lands (OTCMKTS:BLMC) last issued its quarterly earnings results on Tuesday, December 17th. The energy company reported $0.11 EPS for the quarter.

Biloxi Marsh Lands Announces Dividend

The business also recently declared an annual dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were issued a $0.125 dividend. This represents a dividend yield of 3.12%. The ex-dividend date of this dividend was Friday, January 3rd. Biloxi Marsh Lands’s payout ratio is 400.00%.

About Biloxi Marsh Lands

Biloxi Marsh Lands Corporation engages in the exploration, development, and production of oil and natural gas properties. It owns approximately 90,000 acres of surface, subsurface, and minerals in St. Bernard Parish, Louisiana. The company was incorporated in 1936 and is based in Metairie, Louisiana.