TMC the metals (NASDAQ:TMC) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

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

TMC the metals Stock Up 12.1 %

Shares of TMC the metals stock traded up $0.12 on Thursday, reaching $1.10. The stock had a trading volume of 1,636,934 shares, compared to its average volume of 1,532,503. TMC the metals has a 1 year low of $0.80 and a 1 year high of $2.07. The company has a 50 day moving average price of $1.29 and a 200 day moving average price of $1.42. The stock has a market capitalization of $352.56 million, a P/E ratio of -3.93 and a beta of 1.69.

Wall Street Analyst Weigh In

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

Insider Activity at TMC the metals

In other news, insider Anthony O’sullivan sold 50,000 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $1.48, for a total value of $74,000.00. Following the completion of the sale, the insider now owns 746,829 shares of the company’s stock, valued at approximately $1,105,306.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 150,000 shares of company stock valued at $219,000 over the last 90 days. Insiders own 30.00% of the company’s stock.

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.