TMC the metals company Inc. (NASDAQ:TMC) Director Brendan May Sells 25,000 Shares

TMC the metals company Inc. (NASDAQ:TMC - Get Free Report) Director Brendan May sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $7.80, for a total transaction of $195,000.00. Following the completion of the sale, the director now directly owns 241,790 shares of the company's stock, valued at $1,885,962. The trade was a 9.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Brendan May also recently made the following trade(s):

• On Thursday, June 26th, Brendan May sold 44,204 shares of TMC the metals stock. The stock was sold at an average price of $7.38, for a total transaction of $326,225.52.

TMC the metals Stock Performance

NASDAQ:TMC traded down $0.37 during midday trading on Friday, reaching $6.81. 9,395,431 shares of the stock traded hands, compared to its average volume of 4,203,760. TMC the metals company Inc. has a 12-month low of $0.72 and a 12-month high of $8.12. The business has a 50-day moving average of $4.29 and a two-hundred day moving average of $2.54. The stock has a market capitalization of $2.47 billion, a PE ratio of -29.61 and a beta of 1.46.

TMC the metals (NASDAQ:TMC - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.03). Research analysts anticipate that TMC the metals company Inc. will post -0.22 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. HC Wainwright assumed coverage on shares of TMC the metals in a research report on Tuesday, May 20th. They issued a "buy" rating and a $5.50 price target for the company. Wedbush raised shares of TMC the metals from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $6.00 to $11.00 in a research report on Wednesday.

Institutional Investors Weigh In On TMC the metals

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Allworth Financial LP raised its holdings in shares of TMC the metals by 48.0% in the first quarter. Allworth Financial LP now owns 14,796 shares of the company's stock worth $25,000 after buying an additional 4,796 shares during the last quarter. Sprott Inc. acquired a new stake in shares of TMC the metals in the first quarter worth $26,000. Gray Wealth Management Inc. increased its stake in shares of TMC the metals by 59.7% in the fourth quarter. Gray Wealth Management Inc. now owns 23,700 shares of the company's stock worth $27,000 after acquiring an additional 8,863 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of TMC the metals in the fourth quarter worth $28,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of TMC the metals in the fourth quarter worth $28,000. Hedge funds and other institutional investors own 4.39% of the company's stock.

About TMC the metals

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.

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