Odyssey Marine Exploration (OMEX) Announces Earnings Results, Meets Expectations

Posted on Nov 23, 2015

Odyssey Marine Exploration (NASDAQ:OMEX) issued its quarterly earnings data on Friday. The company reported ($ 0.05) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($ 0.05), Market Beat reports. The business earned $ 1.46 million during the quarter.

Odyssey Marine Exploration (NASDAQ:OMEX) traded down 4.2364% during midday trading on Tuesday, reaching $ 0.3775. 115,963 shares of the company’s stock were exchanged. Odyssey Marine Exploration has a 52 week low of $ 0.26 and a 52 week high of $ 1.39. The company’s market cap is $ 33.89 million. The firm has a 50-day moving average price of $ 0.41 and a 200 day moving average price of $ 0.45.

Separately, Zacks cut shares of Odyssey Marine Exploration from a “hold” rating to a “sell” rating in a report on Monday, October 5th.

Odyssey Marine Exploration, Inc. is a deep-ocean investigation company. The Business is engaged in seafloor mineral exploration as well as in the investigation and recovery of deep-ocean shipwrecks around the world. The organization ‘s techniques are being applied to modern commodity shipwrecks historic shipwreck projects and mineral exploration. The business provides investigation services, including companies’ subsidiary companies, including geotechnical and geophysical assessments of seabed mineral deposits to it and businesses in which it holds an equity position, along with authorities as a resource development partner or as a contractor. The shipwreck retrieval projects of the Company’s are focused on deep sea sites. Companies’ exploration is conducted on both deep sea and shallow terrains. The Company evaluates or investigates three seabed mineral deposits: Polymetallic nodules, Phosphorites and Seafloor Massive Sulfides.

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