TMC the metals company Inc. (NASDAQ:TMC) Insider Erika Ilves Sells 217,099 Shares

TMC the metals company Inc. (NASDAQ:TMC) insider Erika Ilves sold 217,099 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $1.11, for a total transaction of $240,979.89. Following the completion of the sale, the insider now owns 998,170 shares in the company, valued at $1,107,968.70. This represents a 17.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TMC the metals Stock Performance

TMC traded up $0.05 during midday trading on Friday, reaching $1.25. 2,007,687 shares of the company were exchanged, compared to its average volume of 1,824,993. The company has a market cap of $405.33 million, a price-to-earnings ratio of -4.03 and a beta of 1.62. TMC the metals company Inc. has a one year low of $0.72 and a one year high of $2.07. The company’s fifty day moving average price is $0.92 and its 200 day moving average price is $1.06.

Institutional Investors Weigh In On TMC the metals

Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in shares of TMC the metals during the 3rd quarter worth approximately $44,000. Tidal Investments LLC boosted its position 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 last quarter. Finally, Old West Investment Management LLC grew its stake in 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 purchasing 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.