|Bid||5.21 x 800|
|Ask||6.21 x 1000|
|Day's Range||5.65 - 6.25|
|52 Week Range||3.16 - 13.75|
|Beta (3Y Monthly)||3.42|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 7, 2019 - Mar 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.50|
NEW YORK, Nov. 21, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Odyssey Marine Exploration, Inc. (OMEX), a pioneer in the field of deep-ocean exploration, reported results for the third quarter ended September 30, 2018, and provided an update on current projects. “I’ve never been more optimistic about the long-term future of Odyssey. Cash on hand, combined with expected revenues and profit sharing from contract work on multiple projects currently underway and forecast to continue for at least another 12 months, provides us the runway necessary to fully execute our strategic plan to become a dominant force in the emerging seafloor minerals space,” stated Mark Gordon, President and CEO of Odyssey Marine Exploration.
Odyssey Marine Exploration, Inc. (OMEX), a pioneer in the field of deep-ocean exploration, announced today that it has entered into agreements with a small group of institutional investors, led by large long-term holders of OMEX, to receive $5.0 million in gross proceeds in a registered direct offering through the sale of common stock and warrants consisting of 700,000 shares of the company’s common stock and 700,000 5-year immediately exercisable warrants to purchase 700,000 shares of common stock at an exercise price of $7.155 per share. If the warrants are exercised for cash in full, the company would receive additional gross proceeds of approximately $5.0 million. “This funding, when combined with the expected future revenue from contracted projects and profit participation from the current recovery project under contract, is expected to fund Odyssey into 2020, based on our current budgets,” stated Mark Gordon, President and CEO of Odyssey Marine Exploration.
Odyssey Marine Exploration, Inc. (OMEX), a pioneer in the field of deep-ocean exploration, has been informed that on October 22, 2018, legal counsel for Exploraciones Oceanica (ExO) filed an action before the Superior Section of the Mexican Federal Administrative Court. ExO is a controlled subsidiary of Odyssey. The filing includes SEMARNAT’s recent refusal to issue an environmental permit for ExO’s phosphate deposit, which was received by ExO on October 18, 2018.
Shares of little known micro-cap stock Coda Octopus (NASDAQ:CODA) surged to the top of traders’ watchlists earlier this week. Will Coda Octopus deliver tasty returns for shareholders? Or will it disappoint like another deep sea story stock, Odyssey Marine Exploration (NASDAQ:OMEX), whose attempts to profit off of salvaging shipwrecks haven’t led to treasure for shareholders.
Each day, the Benzinga Pro news team highlights several stocks with Trading Idea potential. Be the first to see them by becoming a Benzinga Pro user ! Finish Line Inc (NASDAQ: FINL ) stock could see increased ...
Odyssey Marine Exploration Inc (NASDAQ:OMEX), a US$32.55M small-cap, operates in the commercial services industry, which is faced with evolving conditions and potential further consolidation to gain market share. Commercial servicesRead More...
If you are a shareholder in Odyssey Marine Exploration Inc’s (NASDAQ:OMEX), or are thinking about investing in the company, knowing how it contributes to the risk and reward profile ofRead More...