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

TMC the metals company Inc. (NASDAQ:TMC) shares gapped up before the market opened 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 changing hands.

TMC the metals Stock Down 6.7 %

The company’s 50 day simple moving average is $1.58 and its 200 day simple moving average is $1.30.

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

Insider Buying and Selling

In other news, CFO Craig Shesky sold 233,424 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $1.61, for a total transaction of $375,812.64. Following the completion of the sale, the chief financial officer now directly owns 947,242 shares of the company’s stock, valued at approximately $1,525,059.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Anthony O’sullivan sold 50,000 shares of the firm’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 transaction, the insider now owns 946,829 shares of the company’s stock, valued at approximately $1,259,282.57. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Craig Shesky sold 233,424 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $1.61, for a total value of $375,812.64. Following the completion of the sale, the chief financial officer now owns 947,242 shares of the company’s stock, valued at $1,525,059.62. The disclosure for this sale can be found here. 30.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TMC the metals

Large investors have recently modified their holdings of the stock. Arizona State Retirement System purchased a new stake in shares of TMC the metals during the third quarter valued at approximately $32,000. Barclays PLC lifted its stake in shares of TMC the metals by 142.0% in 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 acquired a new position in shares of TMC the metals in the 3rd quarter valued at approximately $245,000. Ancora Advisors LLC acquired a new stake in shares of TMC the metals during the third quarter worth approximately $50,000. Finally, Sunpointe LLC bought a new position in TMC the metals during the 4th quarter valued at $25,000. 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.