TMC the metals company Inc. (NASDAQ:TMC) Director Andrew Hall Sells 66,000 Shares

TMC the metals company Inc. (NASDAQ:TMC) Director Andrew Hall sold 66,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $0.93, for a total value of $61,380.00. Following the transaction, the director now owns 182,966 shares of the company’s stock, valued at $170,158.38. This trade represents a 26.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TMC the metals Stock Performance

Shares of NASDAQ TMC traded up $0.03 during midday trading on Friday, reaching $0.92. The stock had a trading volume of 308,689 shares, compared to its average volume of 1,316,274. TMC the metals company Inc. has a twelve month low of $0.80 and a twelve month high of $2.07. The company’s 50 day moving average price is $1.00 and its 200 day moving average price is $1.18. The firm has a market cap of $296.48 million, a price-to-earnings ratio of -2.87 and a beta of 1.69.

Institutional Investors Weigh In On TMC the metals

Large investors have recently bought and sold shares of the stock. Old West Investment Management LLC increased its position 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 acquiring an additional 796,615 shares during the last quarter. New Hampshire Trust bought a new stake in shares of TMC the metals during the 2nd quarter worth $543,000. Brown Lisle Cummings Inc. boosted its holdings in shares of TMC the metals by 100.0% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 50,000 shares of the company’s stock worth $68,000 after buying an additional 25,000 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in TMC the metals during the third quarter valued at about $44,000. 4.39% of the stock is currently owned by institutional investors and hedge funds.

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.