17.9 C
New York
Thursday, May 19, 2022

TMC the metals company Inc. (TMC) Rising After Hours Following Regulatory Filing.

TMC the metals company Inc. (TMC) is focused on the exploration of battery metals from seafloor polymetallic nodules aiming to supply the metals for the clean energy transition and acceleration of the shift towards a circular metal economy.


Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here. .

Sponsored


TMC stock price during the regular trading of April 1, 2022, was $2.45 with a decline of 5.41%. Its price soared higher as of the writing in the aftermarket session by 11.8%.

TMC: Events and Happenings

On April 1, 2022, TMC reported multiple filings with the Securities and Exchange Commission of Form 4 and Form SC 13D/A. On March 31, 2022, TMC updated on the successful accomplishment of its robotic polymetallic nodule collector vehicle’s North Sea drive test program designed by its strategic collaborator and stockholder, Allseas Group S.A.

TMC: Key Financials

TMC issued its unaudited fourth quarter 2021 financial results on March 24, 2022, for the quarter ended September 30, 2021. Some notable highlights are discussed below.

Revenue

The company recorded no revenue during the comparable fourth quarter of 2021 and 2020.

EPS

Basic and diluted net loss per share for the fourth quarter of 2021 was $19.8 million $0.09 as compared to $17.1 million or $0.09 during the corresponding fourth quarter in 2020. Its net loss inclined YoY significantly.

On March 22, 2022, TMC updated on the pilot robotic nodule collector vehicle’s positive deployment and wet-test commissioning along with Allseas. On March 17, 2022, TMC stated the signing of a non-binding MoU with Epsilon Carbon Pvt. Ltd. for the completion of a pre-feasibility study for an Indian deep-sea nodule processing plant with the production capacity of approximately 30,000 tonnes per annum.

Conclusion

The price of TMC stock dropped by 75% in the last year as the global economic crisis worsened during the pandemic. The current stock position of the company is good as it rocketed in Friday’s aftermarket trading as the result of multiple SEC filings by the company.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles