Odyssey Marine Exploration Inc (OMEX) is Downgraded by Craig Hallum to Hold

Odyssey Marine Exploration Inc (OMEX) was Downgraded by Craig Hallum to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Craig Hallum advised their investors in a research report released on Apr 13, 2016.

Odyssey Marine Exploration Inc closed down -4.9201 points or -58.78% at $3.45 with 39,91,058 shares getting traded on Monday. Post opening the session at $3.38, the shares hit an intraday low of $3.12 and an intraday high of $4.09 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Odyssey Marine Exploration Inc. is a deep-ocean exploration company. The Company is engaged in seafloor mineral exploration and in the search and recovery of deep-ocean shipwrecks across the world. The Company’s techniques are being applied to historic shipwreck projects modern commodity shipwrecks and mineral exploration. The Company provides exploration services including geophysical and geotechnical assessments of seabed mineral deposits to companies including its subsidiaries and companies in which it holds an equity position as well as governments around the world as a contractor or as a resource development partner. The Company’s shipwreck recovery projects are focused on deep-sea sites. Its mineral exploration is conducted on both shallow and deep sea terrains. The Company evaluates or explores three seabed mineral deposits: Phosphorites Polymetallic nodules and Seafloor Massive Sulfides.

Odyssey Marine Exploration Inc

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