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

Shares of TMC the metals company Inc. (NASDAQ:TMC) gapped down before the market opened 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 traded.

TMC the metals Stock Performance

The firm has a 50 day moving average of $1.52 and a two-hundred day moving average of $1.26.

TMC the metals (NASDAQ:TMC) last issued 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. As a group, analysts forecast that TMC the metals company Inc. will post -0.2 EPS for the current year.

Insider Transactions at TMC the metals

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

Institutional Trading of TMC the metals

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada purchased a new position in TMC the metals during the first quarter worth about $27,000. Walleye Trading LLC purchased a new position in TMC the metals during the first quarter worth about $28,000. Goldman Sachs Group Inc. purchased a new position in TMC the metals during the first quarter worth about $33,000. Hubbell Strickland Wealth Management LLC lifted its position in TMC the metals by 48.4% during the first quarter. Hubbell Strickland Wealth Management LLC now owns 39,559 shares of the company’s stock worth $57,000 after buying an additional 12,909 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of TMC the metals by 12.2% in the 4th quarter. Renaissance Technologies LLC now owns 127,900 shares of the company’s stock worth $98,000 after purchasing an additional 13,900 shares during the period. Institutional investors and hedge funds 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.