TMC the metals company Inc. (NASDAQ:TMC) Director Acquires $21,750.00 in Stock

TMC the metals company Inc. (NASDAQ:TMC) Director Brendan May acquired 25,000 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were acquired at an average cost of $0.87 per share, for a total transaction of $21,750.00. Following the completion of the acquisition, the director now owns 100,040 shares of the company’s stock, valued at approximately $87,034.80. The trade was a 33.32 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

TMC the metals Stock Up 25.0 %

TMC opened at $1.10 on Friday. The company has a market capitalization of $356.69 million, a price-to-earnings ratio of -3.55 and a beta of 1.62. The firm has a 50-day moving average price of $0.91 and a 200-day moving average price of $1.06. TMC the metals company Inc. has a twelve month low of $0.72 and a twelve month high of $2.07.

Institutional Investors Weigh In On TMC the metals

A number of hedge funds and other institutional investors have recently bought and sold shares of TMC. Virtu Financial LLC purchased a new stake in shares of TMC the metals during the third quarter worth $44,000. Tidal Investments LLC raised its stake in shares of 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 purchasing an additional 119,335 shares during the period. 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 purchasing an additional 796,615 shares in the last quarter. Institutional investors own 4.39% of the company’s stock.

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.