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

TMC the metals company Inc. (NASDAQ:TMC)’s share price 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 changing hands.

TMC the metals Stock Down 4.1 %

The stock has a 50 day moving average price of $1.52 and a 200 day moving average price of $1.26.

TMC the metals (NASDAQ:TMC) last posted its quarterly earnings data on Monday, March 25th. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.05. On average, research analysts forecast that TMC the metals company Inc. will post -0.2 earnings per share for the current fiscal year.

Insider Transactions at TMC the metals

In related news, CFO Craig Shesky sold 233,424 shares of TMC the metals 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 transaction, the chief financial officer now directly owns 947,242 shares in the company, valued at approximately $1,525,059.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Anthony O’sullivan sold 50,000 shares of TMC the metals stock in a transaction 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 directly owns 946,829 shares in the company, valued at approximately $1,259,282.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Craig Shesky sold 233,424 shares of TMC the metals 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 completion of the transaction, the chief financial officer now owns 947,242 shares in the company, valued at $1,525,059.62. The disclosure for this sale can be found here. Company insiders own 31.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TMC. Sunpointe LLC purchased a new position in shares of TMC the metals during the fourth quarter valued at $25,000. Bank of New York Mellon Corp acquired a new stake in TMC the metals during the second quarter valued at $27,000. Royal Bank of Canada acquired a new stake in TMC the metals during the first quarter valued at $27,000. Walleye Trading LLC acquired a new stake in TMC the metals during the first quarter valued at $28,000. Finally, Founders Financial Securities LLC boosted its position in TMC the metals by 93.8% during the third quarter. Founders Financial Securities LLC now owns 31,000 shares of the company’s stock valued at $31,000 after purchasing an additional 15,000 shares during the last quarter. 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 the Clarion Clipperton Zone (CCZ) in the south-west of San Diego, California. It primarily explores for nickel, cobalt, copper, and manganese products.