Odyssey Marine Exploration (NASDAQ:OMEX) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Odyssey Marine Exploration (NASDAQ:OMEX) in a report published on Saturday morning. The firm issued a sell rating on the business services provider’s stock.

Odyssey Marine Exploration Trading Up 7.5 %

Shares of Odyssey Marine Exploration stock opened at $0.47 on Friday. The business’s 50 day moving average price is $0.55 and its 200 day moving average price is $1.51. Odyssey Marine Exploration has a one year low of $0.30 and a one year high of $5.57.

Insider Activity

In other Odyssey Marine Exploration news, Director Mark B. Justh acquired 250,000 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was bought at an average cost of $0.55 per share, for a total transaction of $137,500.00. Following the completion of the transaction, the director now owns 501,124 shares of the company’s stock, valued at approximately $275,618.20. The trade was a 99.55 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 7.10% of the company’s stock.

Hedge Funds Weigh In On Odyssey Marine Exploration

Several large investors have recently modified their holdings of OMEX. Renaissance Technologies LLC acquired a new stake in shares of Odyssey Marine Exploration during the 2nd quarter worth about $372,000. Voisard Asset Management Group Inc. boosted its stake in Odyssey Marine Exploration by 800.0% during the third quarter. Voisard Asset Management Group Inc. now owns 36,000 shares of the business services provider’s stock worth $30,000 after buying an additional 32,000 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Odyssey Marine Exploration during the third quarter valued at about $32,000. Institutional investors and hedge funds own 49.96% of the company’s stock.

Odyssey Marine Exploration Company Profile

Odyssey Marine Exploration, Inc, together with its subsidiaries, discovers, validates, and develops seafloor mineral resources worldwide. The company provides specialized mineral exploration, project development, and marine services to clients. Odyssey Marine Exploration, Inc was founded in 1994 and is headquartered in Tampa, Florida.