TMC the metals (TMC) Projected to Post Earnings on Monday

TMC the metals (NASDAQ:TMC) 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 Trading Up 6.9 %

Shares of NASDAQ TMC opened at $1.85 on Monday. The stock has a fifty day simple moving average of $1.67 and a two-hundred day simple moving average of $1.21. TMC the metals has a 1-year low of $0.72 and a 1-year high of $2.55. The firm has a market cap of $599.89 million, a price-to-earnings ratio of -5.97 and a beta of 1.52.

Insider Transactions at TMC the metals

In other news, insider Erika Ilves sold 217,099 shares of the firm’s stock in a transaction 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 directly owns 998,170 shares of the company’s stock, valued at $1,107,968.70. This trade represents a 17.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 30.00% of the company’s stock.

Analysts Set New Price Targets

Separately, Alliance Global Partners began coverage on TMC the metals in a report on Wednesday, January 15th. They set a “buy” rating and a $3.75 price objective for the company.

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.