TMC the metals (NASDAQ:TMC) Shares Gap Up to $1.57

TMC the metals company Inc. (NASDAQ:TMC - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $1.57, but opened at $1.62. TMC the metals shares last traded at $1.59, with a volume of 124,095 shares.

TMC the metals Stock Performance

The business has a 50 day moving average price of $1.57 and a two-hundred day moving average price of $1.30. The stock has a market cap of $518.75 million, a PE ratio of -8.15 and a beta of 1.82.

TMC the metals (NASDAQ:TMC - Get Free Report) last announced its earnings results on Monday, March 25th. The company reported ($0.11) earnings per share for the quarter, topping analysts' consensus estimates of ($0.16) by $0.05. As a group, research analysts anticipate that TMC the metals company Inc. will post -0.2 earnings per share for the current year.

Insider Transactions at TMC the metals

In other news, insider Anthony O'sullivan sold 50,000 shares of the business'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 value of $66,500.00. Following the transaction, the insider now owns 946,829 shares in the company, valued at approximately $1,259,282.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Craig Shesky sold 233,424 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer now owns 947,242 shares in the company, valued at $1,525,059.62. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Anthony O'sullivan sold 50,000 shares of the company's stock in a transaction that occurred 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 transaction, the insider now 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 30.00% of the company's stock.

Hedge Funds Weigh In On TMC the metals

Institutional investors have recently bought and sold shares of the company. Arizona State Retirement System purchased a new stake in shares of TMC the metals during the third quarter worth $32,000. Barclays PLC lifted its position in shares of TMC the metals by 142.0% during the third quarter. Barclays PLC now owns 35,065 shares of the company's stock worth $34,000 after acquiring an additional 20,573 shares in the last quarter. Swiss National Bank purchased a new stake in shares of TMC the metals during the third quarter worth $245,000. Ancora Advisors LLC purchased a new stake in shares of TMC the metals during the third quarter worth $50,000. Finally, Sunpointe LLC purchased a new stake in shares of TMC the metals during the fourth quarter worth $25,000. Hedge funds and other 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.