Insider Buying: TMC the metals company Inc. (NASDAQ:TMC) Director Buys $21,750.00 in Stock

TMC the metals company Inc. (NASDAQ:TMC) Director Brendan May purchased 25,000 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were acquired at an average price of $0.87 per share, for a total transaction of $21,750.00. Following the purchase, the director now directly owns 100,040 shares in the company, valued at approximately $87,034.80. The trade was a 33.32 % increase in their ownership of the stock. The acquisition 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 opened at $1.10 on Monday. TMC the metals company Inc. has a 52 week low of $0.72 and a 52 week high of $2.07. The company has a market capitalization of $356.69 million, a P/E ratio of -3.55 and a beta of 1.62. The stock’s 50-day moving average price is $0.91 and its 200-day moving average price is $1.06.

Institutional Investors Weigh In On TMC the metals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in TMC the metals in the 3rd quarter worth $44,000. Tidal Investments LLC boosted its stake in shares of TMC the metals by 32.6% in the third quarter. Tidal Investments LLC now owns 485,332 shares of the company’s stock worth $514,000 after acquiring an additional 119,335 shares during the period. Finally, Old West Investment Management LLC grew its position in shares of TMC the metals by 100.0% during the third quarter. Old West Investment Management LLC now owns 1,593,230 shares of the company’s stock worth $1,689,000 after purchasing an additional 796,615 shares in the last quarter. Institutional investors 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.