Odyssey Marine Exploration Inc. (OMEX) Sees Large Volume Increase
Shares of Odyssey Marine Exploration Inc. (NASDAQ:OMEX) saw strong trading volume on Friday . 129,794 shares traded hands during mid-day trading, an increase of 146% from the previous session’s volume of 52,824 shares.The stock last traded at $3.02 and had previously closed at $2.69.
Separately, Craig Hallum downgraded Odyssey Marine Exploration from a “buy” rating to a “hold” rating and set a $3.50 target price for the company. in a report on Wednesday, April 13th.
The firm’s market capitalization is $23.00 million. The firm has a 50 day moving average price of $2.25 and a 200 day moving average price of $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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