TMC the metals (NASDAQ:TMC) Trading Up 8.8%

TMC the metals company Inc. (NASDAQ:TMCGet Free Report)’s stock price rose 8.8% during trading on Wednesday . The company traded as high as $1.72 and last traded at $1.72. Approximately 466,894 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 1,939,088 shares. The stock had previously closed at $1.58.

TMC the metals Price Performance

The stock’s fifty day simple moving average is $1.42 and its two-hundred day simple moving average is $1.21. The company has a market capitalization of $547.39 million, a price-to-earnings ratio of -8.80 and a beta of 1.82.

Insider Activity at TMC the metals

In other news, insider Anthony O’sullivan sold 50,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $1.33, for a total transaction of $66,500.00. Following the completion of the transaction, the insider now owns 946,829 shares in the company, valued at $1,259,282.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Anthony O’sullivan sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $1.33, for a total transaction of $66,500.00. Following the completion of the transaction, the insider now directly owns 946,829 shares in the company, valued at $1,259,282.57. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Craig Shesky sold 233,424 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $1.61, for a total value of $375,812.64. Following the completion of the transaction, the chief financial officer now directly owns 947,242 shares of the company’s stock, valued at $1,525,059.62. The disclosure for this sale can be found here. Insiders own 31.30% of the company’s stock.

Institutional Trading of TMC the metals

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada bought a new position in TMC the metals during the first quarter valued at about $27,000. Walleye Trading LLC acquired a new stake in TMC the metals during the first quarter valued at approximately $28,000. Goldman Sachs Group Inc. bought a new stake in TMC the metals during the first quarter worth approximately $33,000. Renaissance Technologies LLC grew its position in TMC the metals by 12.2% in the fourth quarter. Renaissance Technologies LLC now owns 127,900 shares of the company’s stock worth $98,000 after buying an additional 13,900 shares during the last quarter. Finally, Founders Financial Securities LLC increased its holdings in shares of TMC the metals by 93.8% in the third quarter. Founders Financial Securities LLC now owns 31,000 shares of the company’s stock valued at $31,000 after buying an additional 15,000 shares in the last quarter. 4.39% of the stock is owned by institutional investors and hedge funds.

About TMC the metals

(Get Free Report)

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 the Clarion Clipperton Zone (CCZ) in the south-west of San Diego, California. It primarily explores for nickel, cobalt, copper, and manganese products.

Further Reading

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