TMC the metals (TMCWW) Expected to Announce Earnings on Wednesday

TMC the metals (NASDAQ:TMCWW) will likely be issuing its resultson Wednesday, May 13th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter.

TMC the metals Trading Down 5.2%

Shares of NASDAQ TMCWW opened at $0.27 on Wednesday. TMC the metals has a 52-week low of $0.23 and a 52-week high of $3.84. The stock has a 50 day moving average price of $0.53 and a 200 day moving average price of $1.07.

Hedge Funds Weigh In On TMC the metals

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in shares of TMC the metals during the fourth quarter valued at $54,000. Meteora Capital LLC purchased a new position in shares of TMC the metals in the 3rd quarter valued at approximately $55,000. Caption Management LLC purchased a new position in shares of TMC the metals in the third quarter worth $96,000. Finally, Boothbay Fund Management LLC acquired a new stake in TMC the metals during the 4th quarter worth about $735,000.

About TMC the metals

The Metals Company (NASDAQ: TMC; warrants: TMCWW) is a mineral exploration and development firm focused on sourcing critical battery metals from polymetallic nodules on the seafloor. Headquartered in Vancouver, British Columbia, the company holds exploration contracts granted by the International Seabed Authority in the Clarion-Clipperton Zone of the Pacific Ocean. Through its subsidiary, Nauru Ocean Resources Inc, The Metals Company is advancing a pipeline of deep-sea resources rich in nickel, cobalt, copper and manganese, crucial for electric vehicle batteries and grid-scale storage systems.

Founded through a reverse merger with SPAC NPV Acquisition Corp.