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

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

TMC the metals Price Performance

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

Analyst Upgrades and Downgrades

TMC has been the topic of a number of recent research reports. Alliance Global Partners assumed coverage on TMC the metals in a research note on Wednesday, January 15th. They set a "buy" rating and a $3.75 price objective on the stock. Wedbush reissued a "neutral" rating and issued a $4.00 price objective on shares of TMC the metals in a research note 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.