TMC the metals (NASDAQ:TMC) Insider Sells $338,500.00 in Stock

TMC the metals company Inc. (NASDAQ:TMC) insider Anthony O’sullivan sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $6.77, for a total transaction of $338,500.00. Following the completion of the sale, the insider owned 2,025,667 shares of the company’s stock, valued at approximately $13,713,765.59. This trade represents a 2.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Anthony O’sullivan also recently made the following trade(s):

• On Friday, November 28th, Anthony O’sullivan sold 50,000 shares of TMC the metals stock. The shares were sold at an average price of $6.51, for a total transaction of $325,500.00.

TMC the metals Stock Up 17.8%

Shares of TMC traded up $1.12 during mid-day trading on Tuesday, reaching $7.40. The company’s stock had a trading volume of 22,321,120 shares, compared to its average volume of 8,804,794. The company has a market cap of $3.06 billion, a price-to-earnings ratio of -9.61 and a beta of 1.82. The business has a fifty day moving average of $6.87 and a 200 day moving average of $6.10. TMC the metals company Inc. has a 1 year low of $0.72 and a 1 year high of $11.35.

TMC the metals (NASDAQ:TMC) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.08). On average, analysts predict that TMC the metals company Inc. will post -0.22 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on TMC. Zacks Research upgraded shares of TMC the metals from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of TMC the metals in a research report on Wednesday, October 8th. Finally, HC Wainwright lifted their target price on shares of TMC the metals from $7.25 to $7.50 and gave the company a “buy” rating in a research note on Friday, November 14th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.42.

Institutional Trading of TMC the metals

Several large investors have recently added to or reduced their stakes in the business. Sprott Inc. bought a new position in shares of TMC the metals during the 1st quarter valued at $26,000. NewEdge Advisors LLC acquired a new position in TMC the metals during the second quarter worth $28,000. Wolverine Asset Management LLC raised its holdings in TMC the metals by 752.6% during the second quarter. Wolverine Asset Management LLC now owns 4,945 shares of the company’s stock valued at $33,000 after buying an additional 4,365 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of TMC the metals in the third quarter worth about $34,000. Finally, KBC Group NV acquired a new stake in shares of TMC the metals in the second quarter worth about $37,000. 4.39% of the stock is owned by institutional investors.

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.