Metals and Mining
TAMPA, Fla. (AP) — Odyssey Marine Exploration Inc. said Wednesday it expects to report that third-quarter exceeded $8 million, boosted by its moves into deep-ocean mining exploration and various expedition projects.
The company explores and recovers deep-ocean shipwrecks and also sells coins and artifacts it finds. In 2007, it found a sunken Spanish galleon and salvaged from it an estimated $500 million in silver coins and other artifacts. That ship was sunk by the British navy southwest of Portugal in 1804. A U.S. court ruled last year the loot belongs to Spain but the company has appealed and still has the treasure. Odyssey's shares rose 12 cents, or 6.6 percent, to $1.93 in afternoon trading.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,454.83 | 1,317.82 | 2,837.53 | 17.45 |
Oil *
107.26
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DOWN
74.92 |
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2.86 |
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1.85 |
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0.14 |
10 Yr
1.74%
SPDR Gold
152.68
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-0.60%
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-0.22%
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-0.07%
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-0.80%
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