Odyssey Marine Exploration Inc. (NASDAQ:OMEX)’s share price was up 16.2% during mid-day trading on Thursday . The stock traded as high as $2.70 and last traded at $2.65, with a volume of 87,552 shares trading hands. The stock had previously closed at $2.28.

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

The company’s market cap is $20.29 million. The stock’s 50-day moving average is $2.25 and its 200-day moving average is $3.28.

Odyssey Marine Exploration, Inc (Odyssey) is a deep-ocean exploration company. The Company’s techniques are applied to mineral exploration, shipwreck cargo recovery, and other marine survey and exploration charter services. The Company is engaged in discovering shipwreck sites in the deep ocean and conducting archaeological excavations with remotely operated vehicles (ROVs).

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