TMC the metals (NASDAQ:TMC) Sees Strong Trading Volume

TMC the metals company Inc. (NASDAQ:TMC) saw an uptick in trading volume on Thursday . 761,843 shares were traded during trading, a decline of 61% from the previous session’s volume of 1,973,037 shares.The stock last traded at $1.92 and had previously closed at $1.87.

TMC the metals Trading Down 2.7 %

The stock’s fifty day simple moving average is $1.49 and its 200-day simple moving average is $1.24.

Insider Activity

In other news, insider Anthony O’sullivan sold 50,000 shares of TMC the metals stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $1.33, for a total value of $66,500.00. Following the completion of the transaction, the insider now owns 946,829 shares in the company, valued at approximately $1,259,282.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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. Also, insider Anthony O’sullivan sold 50,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $1.33, for a total value 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 disclosure for this sale can be found here. Insiders own 31.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Sunpointe LLC purchased a new position in shares of TMC the metals in the 4th quarter valued at $25,000. Bank of New York Mellon Corp purchased a new position in shares of TMC the metals during the second quarter worth about $27,000. Royal Bank of Canada acquired a new stake in shares of TMC the metals in the 1st quarter valued at about $27,000. Walleye Trading LLC acquired a new stake in shares of TMC the metals in the 1st quarter valued at about $28,000. Finally, Founders Financial Securities LLC grew its stake 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 worth $31,000 after buying an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors own 4.39% of the company’s stock.

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.