Virtu Financial LLC Buys New Position in TMC the metals company Inc. (NASDAQ:TMC)

Virtu Financial LLC purchased a new stake in TMC the metals company Inc. (NASDAQ:TMC) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 41,157 shares of the company’s stock, valued at approximately $44,000.

Separately, Old West Investment Management LLC grew its holdings in shares of TMC the metals by 100.0% during the 3rd quarter. Old West Investment Management LLC now owns 1,593,230 shares of the company’s stock worth $1,689,000 after acquiring an additional 796,615 shares during the period. Institutional investors and hedge funds own 4.39% of the company’s stock.

Insider Buying and Selling at TMC the metals

In other news, CFO Craig Shesky sold 47,523 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $0.85, for a total value of $40,394.55. Following the sale, the chief financial officer now directly owns 977,844 shares of the company’s stock, valued at $831,167.40. The trade was a 4.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Andrew Hall sold 66,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $0.93, for a total value of $61,380.00. Following the transaction, the director now directly owns 182,966 shares of the company’s stock, 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. Insiders own 30.00% of the company’s stock.

TMC the metals Stock Up 2.1 %

TMC opened at $0.74 on Friday. The stock has a market cap of $239.95 million, a PE ratio of -2.39 and a beta of 1.62. The business has a 50 day moving average of $0.92 and a 200-day moving average of $1.08. TMC the metals company Inc. has a 52 week low of $0.72 and a 52 week high of $2.07.

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.