Shares of Odyssey Marine Exploration Inc. (NASDAQ:OMEX) fell 15.3% during mid-day trading on Wednesday . The stock traded as low as $3.56 and last traded at $3.72, with a volume of 1,196,396 shares changing hands. The stock had previously closed at $4.39.

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

The firm’s 50-day moving average is $2.58 and its 200 day moving average is $3.29. The stock’s market cap is $29.86 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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