Stock News Buzz: Dorchester Minerals, L.P. (NASDAQ:DMLP)

Dorchester Minerals, L.P. (NASDAQ:DMLP) changed 0.32% to recent value of $9.38. The stock transacted 44213 shares during most recent day however it has an average volume of 128.43K shares. It spotted trading -56.29% off 52-week high price. On the other end, the stock has been noted 10.09% away from the low price over the last 52-weeks.

On April 3, 2020, Dorchester Minerals, L.P. (NASDAQ:DMLP) released that, due to the emerging public health impact of the COVID-19 (Coronavirus) pandemic, the date, time and location and format of its 2020 Annual Meeting of Limited Partners (the 2020 Annual Meeting) has been changed to 2:00 p.m. Central Time on Monday, May 18, 2020, and from an in-person meeting to a virtual meeting. Unitholders may not attend the meeting in person.

On April 2, 2020, the Partnership’s Board of Managers (the Board) approved the change to the date, time, location and format of the 2020 Annual Meeting in support of the health and well-being of the Partnership’s employees, unitholders and other associates, as well as the related protocols that have been or may be imposed by federal, state and local governments.

Unitholders of record at the close of business on March 19, 2020 will be able to access the 2020 Annual Meeting webcast at www.virtualshareholdermeeting.com/DMLP2020. Unitholders who attend the virtual meeting with their 16-digit control number as identified on their proxy card or their voting instruction form, will have the same rights and opportunities to participate as they would at an in-person meeting. Unitholders issued a voting instruction form that does not contain a 16-digit control number will still be able to attend the 2020 Annual Meeting as a guest and listen to the proceedings but must contact their brokerage firm, bank, or other financial institution for instructions on how to vote at the 2020 Annual Meeting. All Unitholders may continue to cast their votes for the 2020 Annual Meeting at www.proxyvote.com until 11:59 p.m. Eastern Time the day before the cut-off date or meeting date and in accordance with the instructions in the Partnership’s proxy materials. Registered Unitholders may also submit questions for the 2020 Annual Meeting at [email protected] until 11:59 p.m. Eastern Time five days prior to the date of the 2020 Annual Meeting.

DMLP has a gross margin of 91.60% and an operating margin of 67.00% while its profit margin remained 64.80% for the last 12 months. Its earnings per share (EPS) expected to touch remained -7.10% for this year.

The company has 35.97M of outstanding shares and 31.55M shares were floated in the market. According to the most recent quarter its current ratio was 12 that represents company’s ability to meet its current financial obligations. The price moved ahead of -9.69% from the mean of 20 days, -31.86% from mean of 50 days SMA and performed -45.45% from mean of 200 days price. Company’s performance for the week was 3.19%, -32.95% for month and YTD performance remained -51.92%.