TMC the metals company Inc. (NASDAQ:TMC) Insider Sells $240,979.89 in Stock

TMC the metals company Inc. (NASDAQ:TMC) insider Erika Ilves sold 217,099 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were 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 in the company, valued at approximately $1,107,968.70. This represents a 17.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

TMC the metals Stock Performance

TMC opened at $1.25 on Monday. The stock has a market capitalization of $405.33 million, a PE ratio of -4.03 and a beta of 1.62. The stock’s 50 day moving average price is $0.92 and its 200-day moving average price is $1.05. TMC the metals company Inc. has a 52-week low of $0.72 and a 52-week high of $2.07.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in shares of TMC the metals during the 3rd quarter valued at about $44,000. Tidal Investments LLC boosted its position in TMC the metals by 32.6% during the 3rd quarter. Tidal Investments LLC now owns 485,332 shares of the company’s stock valued at $514,000 after acquiring an additional 119,335 shares in the last quarter. Finally, Old West Investment Management LLC grew its holdings in shares of 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 acquiring an additional 796,615 shares during the period. 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.