Insider Selling: TMC the metals company Inc. (NASDAQ:TMC) Director Sells 66,000 Shares of Stock

TMC the metals company Inc. (NASDAQ:TMC) Director Andrew Hall sold 66,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $0.93, for a total transaction of $61,380.00. Following the completion of the transaction, the director now directly owns 182,966 shares of the company’s stock, valued at $170,158.38. This represents a 26.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TMC the metals Stock Down 1.5 %

TMC the metals stock traded down $0.01 during mid-day trading on Thursday, hitting $0.89. The company had a trading volume of 1,811,968 shares, compared to its average volume of 1,320,615. TMC the metals company Inc. has a 1 year low of $0.80 and a 1 year high of $2.07. The business has a fifty day moving average of $1.00 and a 200 day moving average of $1.18. The stock has a market cap of $287.93 million, a price-to-earnings ratio of -2.91 and a beta of 1.69.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in TMC the metals in the first quarter valued at $45,000. New Hampshire Trust acquired a new stake in shares of TMC the metals in the second quarter valued at about $543,000. Brown Lisle Cummings Inc. grew its stake in TMC the metals by 100.0% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 50,000 shares of the company’s stock valued at $68,000 after purchasing an additional 25,000 shares in the last quarter. 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 during 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.