TMC the metals Sees Unusually High Options Volume (NASDAQ:TMC)

TMC the metals company Inc. (NASDAQ:TMC) saw unusually large options trading activity on Friday. Stock investors bought 6,070 put options on the stock. This represents an increase of 556% compared to the typical daily volume of 925 put options.

Institutional Trading of TMC the metals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brown Lisle Cummings Inc. grew its holdings in TMC the metals by 100.0% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 50,000 shares of the company’s stock valued at $68,000 after buying an additional 25,000 shares during the period. Virtu Financial LLC acquired a new stake in TMC the metals in the first quarter valued at approximately $45,000. New Hampshire Trust acquired a new position in TMC the metals in the 2nd quarter worth $543,000. Finally, Old West Investment Management LLC grew its stake in TMC the metals by 100.0% during the 3rd quarter. Old West Investment Management LLC now owns 1,593,230 shares of the company’s stock valued at $1,689,000 after purchasing an additional 796,615 shares in the last quarter. Hedge funds and other institutional investors own 4.39% of the company’s stock.

TMC the metals Stock Up 4.1 %

NASDAQ:TMC opened at $1.00 on Friday. The stock has a market cap of $322.37 million, a PE ratio of -3.21 and a beta of 1.69. The firm’s fifty day simple moving average is $1.00 and its 200-day simple moving average is $1.19. TMC the metals has a fifty-two week low of $0.80 and a fifty-two week high of $2.07.

TMC the metals (NASDAQ:TMC) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). During the same period last year, the firm earned ($0.05) EPS. Equities analysts anticipate that TMC the metals will post -0.2 earnings per share for the current year.

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 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.