TMC the metals company Inc. (NASDAQ:TMCWW – Get Free Report) traded down 2.6% during mid-day trading on Monday . The company traded as low as $0.30 and last traded at $0.3050. 105,756 shares were traded during mid-day trading, a decline of 54% from the average session volume of 228,962 shares. The stock had previously closed at $0.3130.
TMC the metals Price Performance
The stock’s 50 day simple moving average is $0.86 and its 200-day simple moving average is $1.25.
Institutional Trading of TMC the metals
A number of institutional investors have recently added to or reduced their stakes in TMCWW. Caption Management LLC lifted its stake in TMC the metals by 843.1% in the fourth quarter. Caption Management LLC now owns 860,671 shares of the company’s stock valued at $1,110,000 after acquiring an additional 769,410 shares during the last quarter. Boothbay Fund Management LLC acquired a new stake in TMC the metals in the fourth quarter valued at approximately $735,000. Wolverine Asset Management LLC lifted its stake in TMC the metals by 253.1% in the fourth quarter. Wolverine Asset Management LLC now owns 84,457 shares of the company’s stock valued at $109,000 after acquiring an additional 60,539 shares during the last quarter. Meteora Capital LLC acquired a new stake in TMC the metals in the third quarter valued at approximately $55,000. Finally, Virtu Financial LLC acquired a new stake in TMC the metals in the fourth quarter valued at approximately $54,000.
TMC the metals Company Profile
The Metals Company (NASDAQ: TMC; warrants: TMCWW) is a mineral exploration and development firm focused on sourcing critical battery metals from polymetallic nodules on the seafloor. Headquartered in Vancouver, British Columbia, the company holds exploration contracts granted by the International Seabed Authority in the Clarion-Clipperton Zone of the Pacific Ocean. Through its subsidiary, Nauru Ocean Resources Inc, The Metals Company is advancing a pipeline of deep-sea resources rich in nickel, cobalt, copper and manganese, crucial for electric vehicle batteries and grid-scale storage systems.
Founded through a reverse merger with SPAC NPV Acquisition Corp.
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