Revenue Update on Odyssey Marine Exploration Inc(NASDAQ:OMEX)

Odyssey Marine Exploration Inc(NASDAQ:OMEX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Earnings per share were $-0.25.

Odyssey Marine Exploration Inc (OMEX) shares turned negative on Mondays trading session with the shares closing down -0.02 points or -0.53% at a volume of 87,486. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $3.9. The peak price level was also seen at $3.9 while the days lowest was $3.64. Finally the shares closed at $3.74. The 52-week high of the shares is $9.36 while the 52-week low is $1.800007. According to the latest information available, the market cap of the company is $28 M.

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.

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