TMC the metals (NASDAQ:TMC) Trading Up 4.6%

TMC the metals company Inc. (NASDAQ:TMC) was up 4.6% during mid-day trading on Friday . The company traded as high as $1.59 and last traded at $1.59. Approximately 230,143 shares were traded during trading, a decline of 87% from the average daily volume of 1,766,298 shares. The stock had previously closed at $1.52.

Analyst Upgrades and Downgrades

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

TMC the metals Stock Up 3.3 %

The business’s 50-day moving average is $1.58 and its two-hundred day moving average is $1.37. The company has a market capitalization of $503.20 million, a P/E ratio of -5.61 and a beta of 1.74.

TMC the metals (NASDAQ:TMC) last released its quarterly earnings results on Monday, March 25th. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.05. Analysts predict that TMC the metals company Inc. will post -0.2 EPS for the current year.

Insider Activity at TMC the metals

In other TMC the metals news, insider Anthony O’sullivan sold 25,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $1.48, for a total value of $37,000.00. Following the transaction, the insider now directly owns 846,829 shares in the company, valued at $1,253,306.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other TMC the metals news, insider Anthony O’sullivan sold 25,000 shares of the firm’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 completion of the sale, the insider now directly owns 846,829 shares of the company’s stock, valued at $1,253,306.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Craig Shesky sold 233,424 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $1.61, for a total value of $375,812.64. Following the completion of the sale, the chief financial officer now directly owns 947,242 shares of the company’s stock, valued at $1,525,059.62. The disclosure for this sale can be found here. Insiders have sold 358,424 shares of company stock valued at $548,813 over the last ninety days. Corporate insiders own 30.00% of the company’s stock.

Institutional Trading of TMC the metals

Large investors have recently bought and sold shares of the company. Swiss National Bank bought a new position in shares of TMC the metals in the third quarter worth $245,000. Ancora Advisors LLC bought a new position in shares of TMC the metals in the third quarter worth $50,000. Hubbell Strickland Wealth Management LLC boosted its holdings in shares of TMC the metals by 48.4% in the first quarter. Hubbell Strickland Wealth Management LLC now owns 39,559 shares of the company’s stock worth $57,000 after acquiring an additional 12,909 shares during the period. Barclays PLC boosted its holdings in shares of TMC the metals by 142.0% in the third quarter. Barclays PLC now owns 35,065 shares of the company’s stock worth $34,000 after acquiring an additional 20,573 shares during the period. Finally, Arizona State Retirement System bought a new position in shares of TMC the metals in the third quarter worth $32,000. 4.39% of the stock is owned by hedge funds and other institutional investors.

TMC the metals Company Profile

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.