Insider Selling: TMC the metals company Inc. (NASDAQ:TMC) CFO Sells 47,523 Shares of Stock

TMC the metals company Inc. (NASDAQ:TMC) CFO Craig Shesky sold 47,523 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $0.85, for a total transaction of $40,394.55. Following the transaction, the chief financial officer now directly owns 977,844 shares of the company’s stock, valued at $831,167.40. This represents a 4.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

TMC the metals Stock Up 0.8 %

Shares of TMC opened at $0.84 on Friday. The company has a 50-day simple moving average of $0.99 and a 200-day simple moving average of $1.16. TMC the metals company Inc. has a 52 week low of $0.80 and a 52 week high of $2.07.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC raised 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 in the last quarter. Virtu Financial LLC acquired a new position in TMC the metals in the third quarter worth about $44,000. Old West Investment Management LLC raised its position 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. Brown Lisle Cummings Inc. raised its position 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. Finally, New Hampshire Trust acquired a new position in TMC the metals in the second quarter worth about $543,000. Institutional investors and hedge funds 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.