TMC the metals Sees Unusually High Options Volume (NASDAQ:TMC)

TMC the metals company Inc. (NASDAQ:TMC - Get Free Report) saw some unusual options trading activity on Monday. Investors purchased 12,639 put options on the stock. This represents an increase of 1,077% compared to the typical volume of 1,074 put options.

Insider Activity at TMC the metals

In other TMC the metals news, CFO Craig Shesky sold 47,523 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $0.85, for a total transaction 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. This trade represents a 4.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew Hall sold 66,000 shares of the business's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $0.93, for a total value of $61,380.00. Following the completion of the transaction, the director now owns 182,966 shares in the company, valued at $170,158.38. The trade was a 26.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 30.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TMC the metals

A number of hedge funds and other institutional investors have recently modified their holdings of TMC. Old West Investment Management LLC boosted its stake in 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 buying an additional 796,615 shares during the last quarter. Virtu Financial LLC bought a new position in shares of TMC the metals during the 3rd quarter valued at approximately $44,000. Finally, Tidal Investments LLC grew its holdings in shares of TMC the metals by 32.6% in the third quarter. Tidal Investments LLC now owns 485,332 shares of the company's stock valued at $514,000 after purchasing an additional 119,335 shares in the last quarter. Institutional investors own 4.39% of the company's stock.

TMC the metals Stock Up 14.9 %

NASDAQ TMC traded up $0.11 during trading hours on Monday, reaching $0.85. The company's stock had a trading volume of 2,990,753 shares, compared to its average volume of 1,339,667. TMC the metals has a 1 year low of $0.72 and a 1 year high of $2.07. The company has a market capitalization of $275.62 million, a price-to-earnings ratio of -2.74 and a beta of 1.62. The firm's 50-day moving average price is $0.92 and its 200-day moving average price is $1.08.

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.