TMC the metals (NASDAQ:TMC) Releases Earnings Results, Beats Expectations By $0.01 EPS

TMC the metals (NASDAQ:TMC - Get Free Report) posted its quarterly earnings results on Thursday. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.01, reports. The company had revenue of ($20.18) million for the quarter.

TMC the metals Trading Down 4.4 %

TMC the metals stock traded down $0.08 during midday trading on Tuesday, reaching $1.65. 5,431,317 shares of the stock traded hands, compared to its average volume of 1,682,253. The firm has a market cap of $533.41 million, a PE ratio of -5.31 and a beta of 1.52. The company has a 50-day simple moving average of $1.78 and a two-hundred day simple moving average of $1.27. TMC the metals has a 12-month low of $0.72 and a 12-month high of $2.55.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Alliance Global Partners began coverage on shares of TMC the metals in a report on Wednesday, January 15th. They set a "buy" rating and a $3.75 price target for the company. Wedbush reiterated a "neutral" rating and set a $4.00 price target on shares of TMC the metals in a report on Friday.

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.