Marathon Patent Group (MARA) Sees Large Volume Increase

Shares of Marathon Patent Group Inc (NASDAQ:MARA) saw an uptick in trading volume on Monday . 6,432,546 shares traded hands during trading, an increase of 1,497% from the previous session’s volume of 402,724 shares.The stock last traded at $3.38 and had previously closed at $2.92.

Separately, ValuEngine cut shares of Marathon Patent Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st.

Marathon Patent Group (NASDAQ:MARA) last issued its quarterly earnings results on Monday, March 25th. The business services provider reported ($0.72) EPS for the quarter. The firm had revenue of $0.30 million for the quarter. Marathon Patent Group had a negative net margin of 819.90% and a negative return on equity of 201.79%.

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Marathon Patent Group Company Profile (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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