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      TMC the metals company Inc. (TMC) Stock Down in Premarket, Here’s why. - Stocks Telegraph

      By Maria Masood

      Published on

      March 15, 2022

      9:47 AM UTC

      TMC the metals company Inc. (TMC) Stock Down in Premarket, Here’s why. - Stocks Telegraph

      TMC the metals company Inc. (TMC) is involved in the exploration of low-impact battery metals from seafloor polymetallic nodules. The aim of the exploration is the supply of metals for the clean energy transition and acceleration of the shift towards a circular metal economy.

      TMC stock price during the regular trading on March 14, 2022, gained 22.6% to be $3.19. Its price dropped by -5.96% at the last check of the premarket session of March 15, 2022.

      TMC: Events and Happenings

      On March 14, 2022, TMC reported hosting a fourth-quarter financial release and conference call on March 24, 2022. It also updated the IR calendar for the first half of 2022 as the Executive management will represent the company in multiple events.

      On February 28, 2022, TMC applauded the Western leaders for their mounting acknowledgment of seafloor polymetallic nodules potential to boost the domestic mineral supply chains. On February 10, 2022, TMC updated on the appointment of Kathleen McAllister as an Independent Director to its BoDs. With this appointment, the company achieved the milestone of 50-50 gender parity in its boardroom.

      On January 5, 2022, TMC informed the press about the closure of Environmental Expedition 5E, which is an offshore research targeted sampling campaign of benthic and pelagic fauna with diverse investigations. The research illustrated the role of the ecosystem on the abyssal seafloor.

      TMC: Key Financials

      On November 15, 2021, TMC released an unaudited Q3 2021 financial report for three months ended September 30, 2021. Some significant highlights are shared here.


      No revenues were recorded in the third quarter of 2021 as well as in the same quarter of 2020.


      Q3 2021 basic and diluted net loss was $36.5 million or $0.18 per share compared to $6.78 million or $0.04 per share in the comparable third quarter of 2020. The company’s net loss soared year-over-year. Also, its EPS remained in line with the expectations.


      TMC stock outpaced in the year-to-date period as it surged by more than 60%. The current premarket stock decline is the impact of shedding the gain associated with its statement of financials and multiple events releases. TMC expects an EPS of -$0.10 for Q4 2021.

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