Insider Selling: TMC the metals company Inc. (NASDAQ:TMC) Insider Sells 217,099 Shares of Stock

TMC the metals company Inc. (NASDAQ:TMC) insider Erika Ilves sold 217,099 shares of the 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 sale, the insider now owns 998,170 shares of the company’s stock, valued at approximately $1,107,968.70. The trade was a 17.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

TMC the metals Price Performance

Shares of TMC the metals stock traded up $0.05 on Friday, hitting $1.25. 2,007,687 shares of the company’s stock traded hands, compared to its average volume of 1,824,993. The company has a fifty day moving average of $0.92 and a two-hundred day moving average of $1.06. TMC the metals company Inc. has a one year low of $0.72 and a one year high of $2.07. The company has a market capitalization of $405.33 million, a price-to-earnings ratio of -4.03 and a beta of 1.62.

Hedge Funds Weigh In On TMC the metals

A number of institutional investors and hedge funds have recently modified their holdings of TMC. Old West Investment Management LLC increased its stake in shares of 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 acquiring an additional 796,615 shares in the last quarter. Tidal Investments LLC grew its holdings in 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 purchasing an additional 119,335 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of TMC the metals during the third quarter valued at about $44,000. 4.39% of the stock is currently owned by 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.