Marathon Patent Group (MARA) Trading Down 7%

Marathon Patent Group Inc (NASDAQ:MARA)’s share price fell 7% during mid-day trading on Wednesday . The company traded as low as $0.52 and last traded at $0.53. 527,907 shares traded hands during mid-day trading, an increase of 8% from the average session volume of 489,134 shares. The stock had previously closed at $0.57.

The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.16.

Marathon Patent Group (NASDAQ:MARA) last issued its quarterly earnings results on Tuesday, November 13th. The business services provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). The company had revenue of $0.34 million for the quarter.

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About Marathon Patent Group (NASDAQ:MARA)

Marathon Patent Group, Inc focuses on mining digital assets. It owns cryptocurrency mining machines and a data center to mine digital assets. The company was formerly known as American Strategic Minerals Corporation and changed its name to Marathon Patent Group, Inc in February 2013. Marathon Patent Group, Inc was incorporated in 2010 and is headquartered in Las Vegas, Nevada.

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