TMC the metals (TMC) Projected to Post Earnings on Monday

TMC the metals (NASDAQ:TMC) is expected to be posting its quarterly earnings results before the market opens on Monday, March 24th. Analysts expect TMC the metals to post earnings of ($0.06) per share for the quarter.

TMC the metals Stock Up 2.8 %

TMC the metals stock opened at $1.82 on Friday. TMC the metals has a twelve month low of $0.72 and a twelve month high of $2.55. The stock has a market cap of $590.16 million, a P/E ratio of -5.87 and a beta of 1.52. The company’s 50-day moving average price is $1.74 and its two-hundred day moving average price is $1.24.

Insider Transactions at TMC the metals

In other news, insider Erika Ilves sold 217,099 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $1.11, for a total value of $240,979.89. Following the completion of the transaction, the insider now directly owns 998,170 shares in the company, valued at approximately $1,107,968.70. The trade was a 17.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 30.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners started coverage on TMC the metals in a report on Wednesday, January 15th. They set a “buy” rating and a $3.75 price target for the company.

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.