Odyssey Marine Exploration Inc. (OMEX) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the services sector during morning trading on September 22. At the lunch break, shares of OMEX have tacked on 3.76% to $3.59 after closing the day prior at $3.46. In the first two and a half hours of trading, the stock has gone as high as $3.63 and as low as $3.48. Today’s rise has come with about 9,038 shares changing hands, compared to an average 30-day volume of 77,127 for Odyssey Marine Exploration Inc.. The price is currently below the 30-day volume weighted average price of $3.57 for OMEX.
The share appreciation gives the company a market capitalization of $26.1 million based upon 7.54 million shares outstanding. It also means that OMEX has a price-to-book ratio of 89.66:1.
In the past 52 weeks, shares of OMEX have traded as low as $1.8 and as high as $9.36. Technical traders will take note that at $3.59, shares of OMEX are trading above their 200-day MA at $3.32 and above their 50-day MA at $3.35. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is OMEX?
Odyssey Marine Exploration Inc is engaged in deep-ocean exploration. The Company's techniques are applied to historic shipwreck projects, modern commodity shipwrecks, and mineral exploration. The company’s 22 employees are led by CEO Mark D. Gordon from the corporate headquarters at 5215 West Laurel Street in Tampa, FL.
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