Odyssey Marine Exploration Inc. (NASDAQ:OMEX) shares were down 0.7% during trading on Monday . The company traded as low as $2.83 and last traded at $3.03, with a volume of 199,131 shares traded. The stock had previously closed at $3.05.

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

The stock has a 50-day moving average of $2.28 and a 200-day moving average of $3.27. The firm’s market capitalization is $21.64 million.

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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