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

TMC the metals (NASDAQ:TMC) released its earnings results on Wednesday. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01), Zacks reports. During the same period in the previous year, the firm earned ($0.05) EPS.

TMC the metals Trading Down 2.7 %

NASDAQ TMC opened at $1.07 on Friday. The company’s 50-day moving average price is $1.28 and its 200-day moving average price is $1.42. The stock has a market cap of $342.95 million, a PE ratio of -3.82 and a beta of 1.69. TMC the metals has a 12 month low of $0.80 and a 12 month high of $2.07.

Analyst Ratings Changes

Separately, Wedbush restated 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 Transactions at TMC the metals

In other news, insider Anthony O’sullivan sold 50,000 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $1.48, for a total value of $74,000.00. Following the transaction, the insider now directly owns 746,829 shares in the company, valued at $1,105,306.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 150,000 shares of company stock worth $219,000. Insiders own 30.00% of the company’s stock.

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.