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TMC The Metals Company, Inc. (NASDAQ:TMC) shares fell after the company released its third-quarter earnings report after Thursday's closing bell, missing analyst estimates.
Here's a look at the details in the report.
The Details: TMC The Metals Company reported quarterly losses of 14 cents per share, which missed the analyst estimate for losses of six cents.
Exploration and evaluation expenses during the quarter were $9.6 million compared to $11.8 million for the same quarter last year.
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“The completion of our Pre-Feasibility Study and Initial Assessment comes amid a surge of public and private investment into critical minerals, energy and defense supply chains,” said CEO Gerard Barron.
“These studies mark a major milestone for TMC, providing the foundation for the strategic and policy engagements now taking shape around this once-in-a-generation opportunity,” Barron added.
TMC Stock Price: According to data from Benzinga Pro, TMC stock was down 3.29% at $4.81 in Thursday's extended trading.
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Posted In: TMC
