TAMPA, Fla. (AP) â¿¿ 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.

Copyright 2010 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

More from Stocks

Here Comes a Tesla Roadster and a New Stock Market Record: Week Ahead

Here Comes a Tesla Roadster and a New Stock Market Record: Week Ahead

Amazon Is Not Killing Every Retailer, Only These Laggards

Amazon Is Not Killing Every Retailer, Only These Laggards

Wall Street Still Thinks Tesla Could Soar to Elon Musk's $420 Target Price

Wall Street Still Thinks Tesla Could Soar to Elon Musk's $420 Target Price

Investors May Have Omarosa to Thank for Pretty Good Week

Investors May Have Omarosa to Thank for Pretty Good Week

Investing For Retirement: What Not to Worry About

Investing For Retirement: What Not to Worry About