Insider Selling: TMC the metals company Inc. (NASDAQ:TMC) Insider Sells $240,979.89 in Stock

Posted by Linda Flegge on Jan 6th, 2025

TMC the metals company Inc. (NASDAQ:TMC – Get Free Report) 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 value of $240,979.89. Following the completion of the transaction, the insider now owns 998,170 shares of the company’s stock, valued at $1,107,968.70. The trade was a 17.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

TMC the metals Price Performance

NASDAQ:TMC opened at $1.25 on Monday. TMC the metals company Inc. has a 1-year low of $0.72 and a 1-year high of $2.07. The business has a 50 day moving average of $0.92 and a 200 day moving average of $1.05. The company has a market capitalization of $405.33 million, a price-to-earnings ratio of -4.03 and a beta of 1.62.

Institutional Investors Weigh In On TMC the metals

Institutional investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new stake in TMC the metals during the 3rd quarter valued at about $44,000. Tidal Investments LLC lifted 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 valued at $514,000 after purchasing an additional 119,335 shares during the last quarter. Finally, Old West Investment Management LLC boosted its stake in shares of TMC the metals by 100.0% during the third 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. Hedge funds and other institutional investors own 4.39% of the company’s stock.

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 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.