Odyssey Marine Exploration Inc. (NASDAQ:OMEX) shot up 5.2% on Wednesday . The company traded as high as $3.35 and last traded at $3.02, with a volume of 316,636 shares changing hands. The stock had previously closed at $2.87.

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

The firm’s 50 day moving average price is $2.28 and its 200-day moving average price is $3.27. The firm’s market cap is $23.38 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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