Tidal Investments LLC Grows Stake in TMC the metals company Inc. (NASDAQ:TMC)

Tidal Investments LLC boosted its stake in TMC the metals company Inc. (NASDAQ:TMC) by 32.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 485,332 shares of the company’s stock after acquiring an additional 119,335 shares during the quarter. Tidal Investments LLC owned about 0.15% of TMC the metals worth $514,000 at the end of the most recent reporting period.

Separately, Virtu Financial LLC purchased a new position in TMC the metals in the 3rd quarter valued at about $44,000. 4.39% of the stock is owned by institutional investors and hedge funds.

TMC the metals Stock Performance

Shares of NASDAQ TMC opened at $0.74 on Monday. TMC the metals company Inc. has a 1 year low of $0.72 and a 1 year high of $2.07. The stock’s 50-day simple moving average is $0.92 and its 200-day simple moving average is $1.08. The firm has a market cap of $239.95 million, a price-to-earnings ratio of -2.39 and a beta of 1.62.

Insider Activity

In other news, CFO Craig Shesky sold 47,523 shares of TMC the metals stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $0.85, for a total value of $40,394.55. Following the completion of the transaction, the chief financial officer now directly owns 977,844 shares of the company’s stock, valued at approximately $831,167.40. The trade was a 4.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew Hall sold 66,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $0.93, for a total transaction of $61,380.00. Following the sale, the director now owns 182,966 shares in the company, valued at approximately $170,158.38. This trade represents a 26.51 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 30.00% 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 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.