TMC the metals (NASDAQ:TMC) Posts Earnings Results

TMC the metals (NASDAQ:TMC) issued its quarterly earnings data on Thursday. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01, Zacks reports. The business had revenue of ($20.18) million during the quarter.

TMC the metals Price Performance

Shares of NASDAQ TMC opened at $1.97 on Friday. The stock has a market cap of $637.50 million, a PE ratio of -6.23 and a beta of 1.52. TMC the metals has a 1 year low of $0.72 and a 1 year high of $2.55. The firm has a fifty day moving average price of $1.78 and a 200-day moving average price of $1.26.

Insider Activity at TMC the metals

In related news, insider Erika Ilves sold 217,099 shares of TMC the metals stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $1.11, for a total transaction of $240,979.89. Following the sale, the insider now owns 998,170 shares of the company’s stock, valued at approximately $1,107,968.70. This trade represents a 17.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 30.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners began coverage on TMC the metals in a research note on Wednesday, January 15th. They issued a “buy” rating and a $3.75 price objective 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.