TMC the metals (NASDAQ:TMC) Stock Price Down 3%

TMC the metals company Inc. (NASDAQ:TMC - Get Free Report)'s share price traded down 3% on Monday . The stock traded as low as $1.64 and last traded at $1.64. 178,064 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 1,935,778 shares. The stock had previously closed at $1.69.

TMC the metals Trading Down 0.6 %

The firm's fifty day moving average is $1.44 and its 200 day moving average is $1.22. The company has a market cap of $534.66 million, a PE ratio of -8.23 and a beta of 1.82.

Insider Activity

In related news, CFO Craig Shesky sold 233,424 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $1.61, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Craig Shesky sold 233,424 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $1.61, for a total transaction of $375,812.64. Following the completion of the transaction, the chief financial officer now directly owns 947,242 shares of the company's stock, valued at approximately $1,525,059.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Anthony O'sullivan sold 50,000 shares of TMC the metals stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $1.33, for a total transaction of $66,500.00. Following the sale, the insider now owns 946,829 shares of the company's stock, 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 have recently made changes to their positions in TMC. Royal Bank of Canada bought a new stake in TMC the metals during the first quarter worth approximately $27,000. Walleye Trading LLC bought a new position in shares of TMC the metals during the 1st quarter worth about $28,000. Goldman Sachs Group Inc. acquired a new stake in shares of TMC the metals during the 1st quarter valued at about $33,000. Renaissance Technologies LLC grew its position in TMC the metals by 12.2% in the fourth quarter. Renaissance Technologies LLC now owns 127,900 shares of the company's stock valued at $98,000 after acquiring an additional 13,900 shares during the period. Finally, Founders Financial Securities LLC increased its holdings in TMC the metals by 93.8% during the 3rd 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 in the last quarter. 4.39% of the stock is owned by hedge funds and other institutional investors.

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.