Traders Purchase Large Volume of TMC the metals Call Options (NASDAQ:TMC)

TMC the metals company Inc. (NASDAQ:TMC) was the recipient of some unusual options trading activity on Wednesday. Investors purchased 10,850 call options on the stock. This is an increase of approximately 477% compared to the typical daily volume of 1,879 call options.

Insider Buying and Selling at TMC the metals

In other news, insider Anthony O’sullivan sold 50,000 shares of the business’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 sale, the insider now owns 946,829 shares in the company, valued at approximately $1,259,282.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Anthony O’sullivan sold 50,000 shares of the business’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 sale, the insider now owns 946,829 shares in the company, valued at approximately $1,259,282.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Craig Shesky sold 233,424 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $1.61, for a total transaction of $375,812.64. Following the completion of the sale, the chief financial officer now owns 947,242 shares in the company, valued at approximately $1,525,059.62. The disclosure for this sale can be found here. Insiders own 31.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TMC. First Manhattan Co. lifted its position in TMC the metals by 442.0% during the 4th quarter. First Manhattan Co. now owns 5,420,000 shares of the company’s stock worth $4,173,000 after buying an additional 4,420,000 shares in the last quarter. Baird Financial Group Inc. raised its holdings in TMC the metals by 7,391.3% during the 1st quarter. Baird Financial Group Inc. now owns 1,198,600 shares of the company’s stock worth $3,104,000 after purchasing an additional 1,182,600 shares during the last quarter. Bank of Montreal Can raised its holdings in TMC the metals by 5,685.4% during the 1st quarter. Bank of Montreal Can now owns 607,470 shares of the company’s stock worth $1,331,000 after purchasing an additional 596,970 shares during the last quarter. First Manhattan CO. LLC. raised its holdings in TMC the metals by 9.0% during the 1st quarter. First Manhattan CO. LLC. now owns 5,910,000 shares of the company’s stock worth $4,899,000 after purchasing an additional 490,000 shares during the last quarter. Finally, Luminus Management LLC bought a new stake in TMC the metals during the 1st quarter worth about $971,000. Institutional investors and hedge funds own 4.39% of the company’s stock.

TMC the metals Stock Up 9.4 %

Shares of NASDAQ TMC opened at $1.87 on Thursday. The firm’s 50-day simple moving average is $1.46 and its 200 day simple moving average is $1.23. The company has a market cap of $595.13 million, a price-to-earnings ratio of -9.35 and a beta of 1.82. TMC the metals has a 12-month low of $0.65 and a 12-month high of $3.20.

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 the Clarion Clipperton Zone (CCZ) in the south-west of San Diego, California. It primarily explores for nickel, cobalt, copper, and manganese products.