TMC the metals (TMC) Expected to Announce Quarterly Earnings on Monday

TMC the metals (NASDAQ:TMC) is projected to issue its quarterly earnings data before the market opens on Monday, March 24th. Analysts expect the company to announce earnings of ($0.06) per share for the quarter.

TMC the metals Stock Up 2.8 %

Shares of NASDAQ TMC opened at $1.82 on Friday. TMC the metals has a twelve month low of $0.72 and a twelve month high of $2.55. The firm has a market cap of $590.16 million, a P/E ratio of -5.87 and a beta of 1.52. The company has a 50 day moving average of $1.74 and a 200 day moving average of $1.24.

Insider Activity at TMC the metals

In other TMC the metals news, insider Erika Ilves sold 217,099 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $1.11, for a total value of $240,979.89. Following the sale, the insider now owns 998,170 shares in the company, valued at $1,107,968.70. The trade was a 17.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 30.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners initiated coverage on shares of TMC the metals in a research 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.