TMC the metals company Inc. (NASDAQ:TMC – Get Free Report) insider Erika Ilves sold 217,099 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $1.11, for a total value of $240,979.89. Following the transaction, the insider now owns 998,170 shares of the company’s stock, valued at $1,107,968.70. The trade was a 17.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
TMC the metals Stock Performance
Shares of NASDAQ TMC opened at $1.25 on Friday. TMC the metals company Inc. has a 52-week low of $0.72 and a 52-week high of $2.07. The stock has a market cap of $405.33 million, a P/E ratio of -4.03 and a beta of 1.62. The firm has a 50 day moving average price of $0.92 and a 200 day moving average price of $1.05.
Hedge Funds Weigh In On TMC the metals
Several institutional investors and hedge funds have recently made changes to their positions in the company. Tidal Investments LLC grew its position in shares of TMC the metals by 32.6% in the 3rd quarter. Tidal Investments LLC now owns 485,332 shares of the company’s stock valued at $514,000 after purchasing an additional 119,335 shares during the period. Virtu Financial LLC bought a new position in TMC the metals in the third quarter valued at approximately $44,000. Finally, Old West Investment Management LLC boosted its holdings in shares of TMC the metals by 100.0% in the third quarter. Old West Investment Management LLC now owns 1,593,230 shares of the company’s stock valued at $1,689,000 after buying an additional 796,615 shares during the period. Institutional investors and hedge funds own 4.39% of the company’s stock.
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.
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