Odyssey Marine Exploration Inc. (NASDAQ:OMEX) shares rose 5.7% during mid-day trading on Friday . The stock traded as high as $2.27 and last traded at $2.24, with a volume of 50,115 shares changing hands. The stock had previously closed at $2.12.

Separately, Craig Hallum cut Odyssey Marine Exploration from a “buy” rating to a “hold” rating and set a $3.50 target price on the stock. in a research report on Wednesday, April 13th.

The company has a 50 day moving average price of $2.27 and a 200 day moving average price of $3.30. The firm’s market cap is $16.89 million.

Odyssey Marine Exploration, Inc is a deep-ocean exploration company. The Company is engaged in seafloor mineral exploration and in the search and recovery of deep-ocean shipwrecks across the world. The Company’s techniques are being applied to historic shipwreck projects, modern commodity shipwrecks and mineral exploration.

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