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The latest announcement is out from ElectroMagnetic GeoServices ASA ( (DE:E2M) ).
Electromagnetic Geoservices ASA reported a significant increase in revenues to USD 10.0 million for the first quarter of 2025, compared to USD 0.2 million in the same period in 2024. The company also announced the establishment of a new business platform in offshore subsea construction through the acquisition of the OSCV Siem Day, indicating a strategic expansion in its operational capabilities.
More about ElectroMagnetic GeoServices ASA
EMGS, a leader in the marine electromagnetic (EM) market, provides services to oil and gas companies to enhance offshore hydrocarbon exploration. Utilizing proprietary EM technology, the company aids in survey design, data acquisition, processing, and interpretation, integrating EM data with seismic and other geophysical information to improve exploration efficiency and reduce risks. EMGS is also exploring the use of its technology to detect and estimate marine mineral deposits.
Average Trading Volume: 116,520
Current Market Cap: NOK230.5M
For an in-depth examination of E2M stock, go to TipRanks’ Stock Analysis page.