TMC the metals Sees Unusually High Options Volume (NASDAQ:TMC)

TMC the metals company Inc. (NASDAQ:TMC - Get Free Report) was the target of unusually large options trading activity on Friday. Stock investors bought 6,070 put options on the company. This represents an increase of 556% compared to the average daily volume of 925 put options.

Institutional Trading of TMC the metals

Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in TMC the metals during the 1st quarter worth approximately $45,000. Brown Lisle Cummings Inc. raised its position in shares of TMC the metals by 100.0% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 50,000 shares of the company's stock worth $68,000 after purchasing an additional 25,000 shares during the period. New Hampshire Trust acquired a new position in TMC the metals during the 2nd quarter valued at approximately $543,000. Finally, Old West Investment Management LLC increased its position in TMC the metals by 100.0% in the third quarter. Old West Investment Management LLC now owns 1,593,230 shares of the company's stock worth $1,689,000 after buying an additional 796,615 shares during the period. Institutional investors and hedge funds own 4.39% of the company's stock.

TMC the metals Stock Performance

TMC the metals stock traded up $0.04 during trading on Friday, reaching $1.00. The company had a trading volume of 1,650,479 shares, compared to its average volume of 1,296,836. TMC the metals has a 12-month low of $0.80 and a 12-month high of $2.07. The stock's 50 day moving average price is $1.00 and its two-hundred day moving average price is $1.20. The firm has a market capitalization of $322.37 million, a price-to-earnings ratio of -3.21 and a beta of 1.69.

TMC the metals (NASDAQ:TMC - Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). During the same period in the previous year, the business earned ($0.05) earnings per share. As a group, research analysts expect that TMC the metals will post -0.2 earnings per share for the current year.

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.