Insider Selling: TMC the metals company Inc. (NASDAQ:TMC) CFO Sells 47,523 Shares of Stock

TMC the metals company Inc. (NASDAQ:TMC) CFO Craig Shesky sold 47,523 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $0.85, for a total transaction of $40,394.55. Following the transaction, the chief financial officer now directly owns 977,844 shares in the company, valued at approximately $831,167.40. The trade was a 4.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

TMC the metals Price Performance

TMC stock traded up $0.01 during trading on Wednesday, hitting $0.84. The stock had a trading volume of 885,239 shares, compared to its average volume of 1,318,118. TMC the metals company Inc. has a twelve month low of $0.80 and a twelve month high of $2.07. The company’s 50-day moving average price is $1.00 and its two-hundred day moving average price is $1.16. The stock has a market capitalization of $272.67 million, a P/E ratio of -2.70 and a beta of 1.69.

Hedge Funds Weigh In On TMC the metals

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Brown Lisle Cummings Inc. increased its position in TMC the metals by 100.0% during the second quarter. Brown Lisle Cummings Inc. now owns 50,000 shares of the company’s stock worth $68,000 after purchasing an additional 25,000 shares during the last quarter. Virtu Financial LLC acquired a new position in TMC the metals during the first quarter worth $45,000. Tidal Investments LLC lifted its stake in TMC the metals by 32.6% during the 3rd quarter. Tidal Investments LLC now owns 485,332 shares of the company’s stock worth $514,000 after acquiring an additional 119,335 shares in the last quarter. New Hampshire Trust purchased a new position in shares of TMC the metals in the second quarter valued at approximately $543,000. Finally, Old West Investment Management LLC lifted its holdings in TMC the metals by 100.0% during the 3rd quarter. Old West Investment Management LLC now owns 1,593,230 shares of the company’s stock worth $1,689,000 after buying an additional 796,615 shares in the last quarter. 4.39% of the stock is currently owned by institutional investors and hedge funds.

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.