TMC the metals (NASDAQ:TMC - Get Free Report) is projected to release its earnings data before the market opens on Monday, March 24th. Analysts expect TMC the metals to post earnings of ($0.06) per share for the quarter.
TMC the metals Stock Down 2.2 %
Shares of NASDAQ:TMC traded down $0.04 during midday trading on Monday, hitting $1.78. The stock had a trading volume of 1,291,480 shares, compared to its average volume of 1,622,169. The company's 50-day moving average price is $1.75 and its 200-day moving average price is $1.25. TMC the metals has a fifty-two week low of $0.72 and a fifty-two week high of $2.55. The company has a market capitalization of $577.19 million, a P/E ratio of -5.74 and a beta of 1.52.
Insider Buying and Selling at TMC the metals
In other news, insider Erika Ilves sold 217,099 shares of the company's stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $1.11, for a total value of $240,979.89. Following the completion of the transaction, the insider now owns 998,170 shares of the company's stock, valued at $1,107,968.70. This represents a 17.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 30.00% of the company's stock.
Wall Street Analyst Weigh In
Separately, Alliance Global Partners began coverage on TMC the metals in a research note on Wednesday, January 15th. They set a "buy" rating and a $3.75 target price for the company.
Read Our Latest Stock Analysis on TMC the metals
About TMC the metals
(
Get 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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