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ElectroMagnetic GeoServices ASA ( (DE:E2M) ) has provided an announcement.
Electromagnetic Geoservices ASA (EMGS) reported a vessel utilization rate of 35% for the first quarter of 2025, an increase from 27% in the same period of 2024, with the Atlantic Guardian vessel completing and initiating proprietary surveys in India. The company anticipates approximately USD 150 thousand in multi-client late sales for the quarter, with financial results to be published on May 14, 2025.
More about ElectroMagnetic GeoServices ASA
EMGS, a leader in the marine electromagnetic (EM) market, provides technology to assist oil and gas companies in offshore hydrocarbon exploration. Their services encompass survey design, data acquisition, processing, and interpretation, integrating EM data with seismic and other geophysical information to enhance exploration efficiency and reduce risks. The company is also exploring the use of its technology for detecting marine mineral deposits and estimating their mineral content.
YTD Price Performance: 5.71%
Average Trading Volume: 170
Technical Sentiment Signal: Buy
Current Market Cap: €21.34M
See more insights into E2M stock on TipRanks’ Stock Analysis page.