TMC the metals (NASDAQ:TMC) Shares Gap Down to $1.69

TMC the metals company Inc. (NASDAQ:TMC) shares gapped down prior to trading on Friday . The stock had previously closed at $1.69, but opened at $1.63. TMC the metals shares last traded at $1.66, with a volume of 118,341 shares trading hands.

TMC the metals Trading Down 4.7 %

The company has a market cap of $512.38 million, a PE ratio of -8.05 and a beta of 1.82. The stock has a 50 day moving average price of $1.52 and a 200 day moving average price of $1.27.

TMC the metals (NASDAQ:TMC) last posted its quarterly earnings data on Monday, March 25th. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.05. Equities analysts expect that TMC the metals company Inc. will post -0.2 EPS for the current fiscal year.

Insider Activity at TMC the metals

In related news, insider Anthony O’sullivan sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $1.33, for a total transaction of $66,500.00. Following the completion of the transaction, the insider now owns 946,829 shares of the company’s stock, valued at approximately $1,259,282.57. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Anthony O’sullivan sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $1.33, for a total transaction of $66,500.00. Following the completion of the transaction, the insider now owns 946,829 shares of the company’s stock, valued at approximately $1,259,282.57. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Craig Shesky sold 233,424 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $1.61, for a total value of $375,812.64. Following the transaction, the chief financial officer now directly owns 947,242 shares of the company’s stock, valued at approximately $1,525,059.62. The disclosure for this sale can be found here. 31.30% of the stock is owned by corporate insiders.

Institutional Trading of TMC the metals

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada bought a new stake in shares of TMC the metals in the 1st quarter worth $27,000. Walleye Trading LLC bought a new stake in shares of TMC the metals in the first quarter worth $28,000. Goldman Sachs Group Inc. bought a new stake in shares of TMC the metals in the first quarter worth $33,000. Bank of New York Mellon Corp bought a new stake in shares of TMC the metals in the second quarter worth $27,000. Finally, Sunpointe LLC bought a new stake in shares of TMC the metals in the fourth quarter worth $25,000. Institutional investors own 4.39% of the company’s stock.

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 the Clarion Clipperton Zone (CCZ) in the south-west of San Diego, California. It primarily explores for nickel, cobalt, copper, and manganese products.