Odyssey hits gold at SS Central America site

|About: Odyssey Marine Explorati... (OMEX)|By:, SA News Editor

Odyssey Marine Exploration (OMEX) is up 6.6% premarket after the recovery of nearly 1K ounces of gold during the first reconnaissance dive to the SS Central America shipwreck site on April 15. Due to the reconnaissance nature of the dive, just a handful of ingots and coins, and a few other items were brought back to surface.

Odyssey is entitled to 80% of recovery proceeds until a fixed mobilization fee and a negotiated day rate are paid, and will receive 45% of proceeds after that.