Odyssey Marine Exploration: Hits 3-yr high on favorable Mexican court ruling

Odyssey Marine Exploration

22/03/2018 14:19

** Deep-sea exploration company's shares  OMEX.O  soar 167
pct to $10.15, its highest since Feb 2015 
    ** Stock's biggest one-day pct gain since listing in 2001
and top gainer on Nasdaq
    ** A Mexican Court rules in favor of co's 53.9 pct unit,
Exploraciones Oceánicas (http://bit.ly/2DMUnwW)
    ** Court ruling nullifies denial of environmental permit
application for extraction of phosphate sand from Don Diego
project 
    ** Co's shares fell 69 pct on April 11, 2016 when Mexico
refused license due to potential impact on sea turtles
    ** Over 800,000 shares traded in early morning, more than 23
times their 25-day moving avg

 (Reporting by Karan Nagarkatti)
 ((Reuters Messaging:
karan.nagarkatti.thomsonreuters@reuters.net))