Odyssey Marine Exploration (NASDAQ:OMEX) Stock Crosses Above 50 Day Moving Average of $4.79

Odyssey Marine Exploration Inc (NASDAQ:OMEX) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $4.79 and traded as high as $5.80. Odyssey Marine Exploration shares last traded at $5.80, with a volume of 1,669 shares trading hands.

Separately, ValuEngine raised shares of The Western Union from a “sell” rating to a “hold” rating in a research report on Friday, March 22nd.

The stock has a 50-day moving average price of $4.82.

Odyssey Marine Exploration (NASDAQ:OMEX) last released its quarterly earnings results on Wednesday, May 15th. The business services provider reported ($0.13) EPS for the quarter. The company had revenue of $0.28 million for the quarter.

In other Odyssey Marine Exploration news, Director Mark B. Justh purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were acquired at an average cost of $5.12 per share, with a total value of $102,400.00. Following the completion of the transaction, the director now owns 153,424 shares in the company, valued at $785,530.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark B. Justh purchased 19,516 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were acquired at an average cost of $5.06 per share, for a total transaction of $98,750.96. Following the completion of the transaction, the director now owns 174,642 shares of the company’s stock, valued at approximately $883,688.52. The disclosure for this purchase can be found here. 8.80% of the stock is currently owned by company insiders.

About Odyssey Marine Exploration (NASDAQ:OMEX)

Odyssey Marine Exploration, Inc engages in the discovery, development, and extraction of deep-ocean minerals. It provides shipwreck cargo recovery and other marine survey exploration charter services. The company was founded by Gregory P. Stemm and John C. Morris in 1994 and is headquartered in Tampa, FL.

Read More: What is meant by a buy rating?

Receive News & Ratings for Odyssey Marine Exploration Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Odyssey Marine Exploration and related companies with MarketBeat.com's FREE daily email newsletter.