TMC the metals company Inc. (NASDAQ:TMC - Get Free Report) CFO Craig Shesky sold 47,523 shares of the company's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $0.85, for a total value of $40,394.55. Following the completion of the sale, the chief financial officer now owns 977,844 shares in the company, valued at $831,167.40. This trade represents a 4.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
TMC the metals Price Performance
Shares of NASDAQ:TMC opened at $0.84 on Thursday. The business's fifty day moving average price is $1.00 and its two-hundred day moving average price is $1.16. TMC the metals company Inc. has a fifty-two week low of $0.80 and a fifty-two week high of $2.07. The stock has a market capitalization of $272.67 million, a price-to-earnings ratio of -2.71 and a beta of 1.69.
Hedge Funds Weigh In On TMC the metals
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Brown Lisle Cummings Inc. boosted its stake in TMC the metals by 100.0% in the second quarter. Brown Lisle Cummings Inc. now owns 50,000 shares of the company's stock worth $68,000 after purchasing an additional 25,000 shares in the last quarter. Virtu Financial LLC acquired a new position in TMC the metals in the first quarter worth $45,000. Tidal Investments LLC boosted its stake 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 in the last quarter. New Hampshire Trust acquired a new position in TMC the metals in the second quarter worth $543,000. Finally, Old West Investment Management LLC boosted its stake in TMC the metals by 100.0% in the third 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 and hedge funds own 4.39% of the company's stock.
TMC the metals Company Profile
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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.
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