OMEX - Odyssey Marine Exploration, Inc.

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
4.5400
-0.0500 (-1.09%)
At close: 4:00PM EDT
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Previous Close4.5900
Open4.6400
Bid3.7700 x 1800
Ask4.8200 x 800
Day's Range4.3900 - 4.7300
52 Week Range3.1600 - 9.8660
Volume23,542
Avg. Volume15,398
Market Cap43.002M
Beta (3Y Monthly)1.79
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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News
Press Releases
  • GlobeNewswire

    Odyssey Marine Exploration Reports Second Quarter 2019 Financial Results

    Odyssey Marine Exploration, Inc. (OMEX), a pioneer in the field of deep-ocean exploration, reported results for the second quarter ended June 30, 2019, and provided an update on current projects. To achieve this, we intend to continue development of our own projects, acquire other mineral rights/deposits and earn equity in deep-sea mineral projects through our leveraged contracting model,” said Mark Gordon, Odyssey Chief Executive Officer and Chairman of the Board. Odyssey recently announced the acquisition of a 79.9% equity interest in Bismarck Mining Corporation (PNG) Limited.

  • GlobeNewswire

    Odyssey Marine Exploration Expands Mineral Portfolio

    Odyssey Marine Exploration, Inc. (OMEX), a pioneer in the field of deep-ocean exploration, has acquired a 79.9% equity interest in Bismarck Mining Corporation (PNG) LTD (Bismarck) in exchange for 249,584 shares of Odyssey’s common stock. Bismarck’s primary asset is an exclusive exploration license covering approximately 320 square kilometers of subsea area containing at least five prospective exploration targets in two different mineralization types: seamount-related epithermal and modern placer gold. In connection with the acquisition by Odyssey, Bismarck and the seller entered into a royalty agreement that provides for Bismarck to pay the seller a 2.496% net smelter royalty on minerals mined from the license area.

  • GlobeNewswire

    Odyssey Marine Exploration Provides Update on Business Plan Progress

    Odyssey Marine Exploration, Inc. (OMEX), a pioneer in the field of deep-ocean exploration, reported progress on the execution of the company’s business plan. Odyssey’s business plan focuses on developing subsea mineral assets to create and realize near-term and long-term value. The company is actively expanding its subsea mineral portfolio through development of new projects, acquisition of mineral rights/deposits and through a leveraged contracting model that allows value to be realized in deep-sea mineral projects through the provision of our expert services.

  • GlobeNewswire

    Odyssey Marine Exploration Reports First Quarter 2019 Results

    Odyssey Marine Exploration, Inc. (OMEX), a pioneer in the field of deep-ocean exploration, reported results for the first quarter ended March 31, 2019, and provided an update on current projects. This is our core business and we’re continuing to enlarge our subsea mineral portfolio through development of new deposits, acquisition of mineral rights/deposits and through our leveraged contracting model, which allows us to earn equity in deep-sea mineral projects,” said Mark Gordon, Odyssey CEO and President. In the early stages of the Exploraciones Oceanicas (ExO) phosphate deposit, we sold 24% of the project for $27.5 million,” continued Gordon.

  • GlobeNewswire

    Odyssey Marine Exploration Provides Update on Mexican Phosphate Project

    Odyssey Marine Exploration, Inc. (OMEX), a pioneer in the field of deep-ocean exploration, today provided an update on  subsidiary Exploraciones Oceanicas’s (ExO) phosphate project in Mexico and the steps being taken to defend shareholder interests in the development of the project. Although Odyssey was pleased with the tenor and direction of these initial consultations, consistent with its efforts to secure the success of the project through appropriate legal action, Odyssey on  April 5, 2019 filed its Notice of Arbitration (NOA) under Chapter Eleven of NAFTA.  NAFTA mandates that a NOA may be filed 90 days after the filing of a NOI, and following the conduct of consultations.  Through this most recent filing, Odyssey formally has initiated the arbitration process under Chapter Eleven of the NAFTA.  Odyssey provided a public version of the NOA to the Mexican Government which will be posted on Mexico’s public access website.  Should the claim proceed to a full hearing on the merits, Odyssey is confident that its position will prevail and that the company and ExO will be granted substantial damages, equivalent to the fully realized value of the project.

  • GlobeNewswire

    Odyssey Marine Exploration Expanding Mineral Asset Portfolio

    Odyssey Marine Exploration, Inc. (OMEX), a pioneer in the field of deep-ocean exploration, entered into a share purchase agreement with Seabed Capital, LLC on April 9, 2019, to acquire Seabed’s controlling interest in a company that holds a potentially significant subsea mineral deposit in the South Pacific in a non-cash transaction. This transaction aligns with Odyssey’s business model of acquiring and developing subsea mineral assets to create near-term and long-term value. Pursuant to the agreement, Odyssey will acquire Seabed’s equity ownership interest in a company that has already conducted significant exploration work on a promising high-value seafloor mineral resource.

  • GlobeNewswire

    Odyssey Marine Exploration Reports Full Year 2018 Results and Updates Current Projects

    Odyssey Marine Exploration, Inc. (OMEX), a pioneer in the field of deep-ocean exploration, reports financial results for full year ended December 31, 2018, and provides an update on current projects and future plans. This means we will continue to enlarge our subsea mineral portfolio through development of new deposits, acquisition of mineral rights/deposits and through our leveraged contracting model, which allows us to earn equity in deep-sea mineral projects. Odyssey’s most advanced mineral project is the Exploraciones Oceanicas (ExO) phosphate deposit in Mexico.

  • GlobeNewswire

    New Research Coverage Highlights TheStreet, EVO Payments, Odyssey Marine Exploration, Allakos, SORL Auto Parts, and SPAR Group — Consolidated Revenues, Company Growth, and Expectations for 2018

    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,.

  • GlobeNewswire

    Odyssey Marine Exploration Reports Third Quarter 2018 Results

    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.

  • GlobeNewswire

    Odyssey Marine Exploration Announces Above Market $5.0 Million Registered Direct Offering of Common Stock and Warrants

    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.