TMC the metals (NASDAQ:TMC) Shares Up 8.8%

Shares of TMC the metals company Inc. (NASDAQ:TMC - Get Free Report) rose 8.8% during mid-day trading on Wednesday . The stock traded as high as $1.72 and last traded at $1.72. Approximately 466,894 shares were traded during trading, a decline of 76% from the average daily volume of 1,939,088 shares. The stock had previously closed at $1.58.

TMC the metals Stock Up 10.1 %

The firm has a fifty day simple moving average of $1.43 and a 200-day simple moving average of $1.21. The company has a market cap of $553.76 million, a PE ratio of -8.70 and a beta of 1.82.

Insiders Place Their Bets

In other TMC the metals news, CFO Craig Shesky sold 233,424 shares of the firm's stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $1.61, for a total transaction of $375,812.64. Following the transaction, the chief financial officer now owns 947,242 shares of the company's stock, valued at $1,525,059.62. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Anthony O'sullivan sold 50,000 shares of the stock in a transaction dated Thursday, March 28th. The shares were 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 owns 946,829 shares in the company, valued at $1,259,282.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Craig Shesky sold 233,424 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $1.61, for a total transaction of $375,812.64. Following the sale, the chief financial officer now owns 947,242 shares of the company's stock, valued at approximately $1,525,059.62. The disclosure for this sale can be found here. Corporate insiders own 31.30% of the company's stock.

Institutional Investors Weigh In On TMC the metals

Hedge funds have recently made changes to their positions in the business. Sunpointe LLC acquired a new stake in shares of TMC the metals during the fourth quarter worth about $25,000. Bank of New York Mellon Corp acquired a new stake in TMC the metals in the second quarter valued at about $27,000. Royal Bank of Canada acquired a new stake in TMC the metals in the first quarter valued at about $27,000. Walleye Trading LLC acquired a new stake in TMC the metals in the first quarter valued at about $28,000. Finally, Founders Financial Securities LLC lifted its position in TMC the metals by 93.8% in the third quarter. Founders Financial Securities LLC now owns 31,000 shares of the company's stock valued at $31,000 after purchasing an additional 15,000 shares during the period. 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 the Clarion Clipperton Zone (CCZ) in the south-west of San Diego, California. It primarily explores for nickel, cobalt, copper, and manganese products.