Brendan May Purchases 25,000 Shares of TMC the metals company Inc. (NASDAQ:TMC) Stock

TMC the metals company Inc. (NASDAQ:TMC) Director Brendan May acquired 25,000 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were purchased at an average cost of $0.87 per share, for a total transaction of $21,750.00. Following the acquisition, the director now owns 100,040 shares of the company’s stock, valued at approximately $87,034.80. The trade was a 33.32 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

TMC the metals Stock Up 25.0 %

NASDAQ:TMC traded up $0.22 during mid-day trading on Friday, reaching $1.10. 7,594,426 shares of the stock were exchanged, compared to its average volume of 1,362,364. TMC the metals company Inc. has a 1 year low of $0.72 and a 1 year high of $2.07. The company has a 50 day simple moving average of $0.91 and a 200-day simple moving average of $1.07. The stock has a market capitalization of $356.69 million, a P/E ratio of -3.55 and a beta of 1.62.

Institutional Investors Weigh In On TMC the metals

A number of institutional investors and hedge funds have recently made changes to their positions in TMC. Old West Investment Management LLC grew its position in TMC the metals by 100.0% in the 3rd 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 last quarter. Virtu Financial LLC purchased a new stake in shares of TMC the metals in the third quarter valued at about $44,000. Finally, Tidal Investments LLC raised its holdings in TMC the metals by 32.6% during the third quarter. Tidal Investments LLC now owns 485,332 shares of the company’s stock worth $514,000 after purchasing an additional 119,335 shares in the last quarter. 4.39% of the stock is owned by hedge funds and other institutional investors.

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.