TMC the metals (NASDAQ:TMC) Issues Earnings Results

TMC the metals (NASDAQ:TMC) issued its earnings results on Wednesday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01), Zacks reports. During the same period last year, the firm earned ($0.05) earnings per share.

TMC the metals Stock Performance

TMC traded up $0.12 on Thursday, hitting $1.10. 1,636,934 shares of the company were exchanged, compared to its average volume of 1,532,503. The business’s fifty day moving average is $1.29 and its 200 day moving average is $1.42. TMC the metals has a fifty-two week low of $0.80 and a fifty-two week high of $2.07. The firm has a market capitalization of $352.56 million, a P/E ratio of -3.93 and a beta of 1.69.

Insider Transactions at TMC the metals

In other TMC the metals news, insider Anthony O’sullivan sold 25,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $1.48, for a total value of $37,000.00. Following the sale, the insider now owns 846,829 shares of the company’s stock, valued at $1,253,306.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 150,000 shares of company stock valued at $219,000 in the last quarter. 30.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Wedbush reiterated a “neutral” rating and issued a $4.00 price objective on shares of TMC the metals in a research report on Thursday, May 16th.

About TMC the metals

TMC the metals company Inc, a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in California. It primarily explores for nickel, cobalt, copper, and manganese products. The company holds exploration and commercial rights in three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean.