Old West Investment Management LLC lifted its position in TMC the metals company Inc. (NASDAQ:TMC - Free Report) by 100.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,593,230 shares of the company's stock after acquiring an additional 796,615 shares during the period. Old West Investment Management LLC owned approximately 0.49% of TMC the metals worth $1,689,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in TMC. Virtu Financial LLC acquired a new stake in shares of TMC the metals in the 1st quarter valued at about $45,000. Brown Lisle Cummings Inc. raised its position in TMC the metals by 100.0% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 50,000 shares of the company's stock valued at $68,000 after buying an additional 25,000 shares during the last quarter. Finally, New Hampshire Trust acquired a new position in TMC the metals during the 2nd quarter worth approximately $543,000. Institutional investors own 4.39% of the company's stock.
TMC the metals Trading Up 1.3 %
NASDAQ:TMC traded up $0.01 on Wednesday, hitting $1.00. The company's stock had a trading volume of 997,892 shares, compared to its average volume of 1,298,820. The firm has a market capitalization of $323.99 million, a P/E ratio of -3.46 and a beta of 1.69. TMC the metals company Inc. has a one year low of $0.80 and a one year high of $2.07. The stock has a fifty day moving average of $1.00 and a two-hundred day moving average of $1.23.
TMC the metals (NASDAQ:TMC - Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). During the same quarter in the previous year, the company earned ($0.05) EPS. As a group, sell-side analysts anticipate that TMC the metals company Inc. will post -0.2 EPS for the current year.
TMC the metals Company Profile
(
Free Report)
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.
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