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

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

The company’s market capitalization is $16.89 million. The firm’s 50-day moving average price is $2.27 and its 200-day moving average price is $3.30.

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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