Zinger Key Points
- Shares of Odyssey Marine Exploration have surged 225% over the past week.
- The rally follows President Donald Trump's executive order aimed at jumpstarting the domestic deep-sea mining industry.
- Don't face extreme market conditions unprepared. Get the professional edge with Benzinga Pro's exclusive alerts, news advantage, and volatility tools at 60% (discount ends Wednesday!)
Shares of Odyssey Marine Exploration Inc OMEX have surged 225% to $1.4 over the past week as investors continue to react to a policy shift by the U.S. government. The rally follows President Donald Trump’s executive order aimed at jumpstarting the domestic deep-sea mining industry.
What To Know: The order directs federal agencies to streamline permits for seabed mineral extraction on the U.S. Outer Continental Shelf and in international waters under the 1980 Deep Seabed Hard Mineral Resources Act.
Based in Florida, Odyssey Marine is one of the few publicly traded U.S. companies with proprietary technology and expertise in deep-ocean mineral exploration. With projects in Mexico and the South Pacific long stalled by regulatory hurdles, the new directive could be seen as a game-changer.
By allowing companies to apply for permits directly through the National Oceanic and Atmospheric Administration, the U.S. bypasses the slower, UN-affiliated International Seabed Authority.
As demand for critical minerals like nickel, copper, and rare earths rises, the market may view Odyssey as a prime beneficiary of this domestic-first approach to resource development.
Read Also: Rare Bullish Signal Just Flashed On Wall Street: Will It Power S&P 500 To 6,000?
How To Buy OMEX Stock
By now you're likely curious about how to participate in the market for Odyssey Marine – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
In the case of Odyssey Marine, which is trading at $1.49 as of publishing time, $100 would buy you 67.11 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
According to data from Benzinga Pro, OMEX has a 52-week high of $5.57 and a 52-week low of $0.27.
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