TMC the metals Target of Unusually Large Options Trading (NASDAQ:TMC)

TMC the metals company Inc. (NASDAQ:TMC - Get Free Report) was the target of unusually large options trading activity on Wednesday. Stock investors acquired 10,850 call options on the stock. This represents an increase of approximately 477% compared to the typical daily volume of 1,879 call options.

Insider Transactions at TMC the metals

In other TMC the metals news, CFO Craig Shesky sold 233,424 shares of the company's stock in a transaction dated 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 sale, the chief financial officer now owns 947,242 shares in the company, valued at $1,525,059.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Craig Shesky sold 233,424 shares of the company's stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $1.61, for a total transaction of $375,812.64. Following the transaction, the chief financial officer now directly owns 947,242 shares in the company, valued at approximately $1,525,059.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anthony O'sullivan sold 50,000 shares of the stock in a transaction dated 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 sale, the insider now directly owns 946,829 shares in the company, valued at $1,259,282.57. The disclosure for this sale can be found here. Corporate insiders own 31.30% of the company's stock.

Institutional Trading of TMC the metals

Several institutional investors and hedge funds have recently made changes to their positions in TMC. Sunpointe LLC purchased a new position in shares of TMC the metals during the fourth quarter worth approximately $25,000. Royal Bank of Canada grew its stake in TMC the metals by 17.8% in the fourth quarter. Royal Bank of Canada now owns 90,072 shares of the company's stock worth $99,000 after purchasing an additional 13,594 shares in the last quarter. Vanguard Group Inc. purchased a new position in TMC the metals during the 3rd quarter worth $100,000. Toroso Investments LLC bought a new stake in TMC the metals during the 3rd quarter valued at $354,000. Finally, Legal & General Group Plc purchased a new stake in shares of TMC the metals in the 3rd quarter worth $97,000. 4.39% of the stock is currently owned by institutional investors.

TMC the metals Stock Up 9.4 %

TMC traded up $0.16 during trading hours on Wednesday, reaching $1.87. 6,467,740 shares of the company's stock traded hands, compared to its average volume of 1,992,865. The firm has a 50-day moving average price of $1.45 and a 200 day moving average price of $1.23. The firm has a market capitalization of $595.13 million, a PE ratio of -9.29 and a beta of 1.82. TMC the metals has a 52-week low of $0.65 and a 52-week high of $3.20.

TMC the metals Company Profile

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.