TMC the metals company Inc. (NASDAQ:TMC – Get Rating) CEO Gerard Barron acquired 35,000 shares of the firm’s stock in a transaction dated Tuesday, March 28th. The shares were purchased at an average price of $0.71 per share, for a total transaction of $24,850.00. Following the completion of the transaction, the chief executive officer now directly owns 15,497,489 shares in the company, valued at $11,003,217.19. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
TMC the metals Stock Performance
TMC the metals stock opened at $0.83 on Friday. TMC the metals company Inc. has a 12-month low of $0.51 and a 12-month high of $2.89. The firm has a 50-day moving average price of $0.96 and a 200-day moving average price of $0.91.
Institutional Trading of TMC the metals
Large investors have recently bought and sold shares of the stock. Morgan Stanley lifted its stake in shares of TMC the metals by 35.4% in the 4th quarter. Morgan Stanley now owns 89,413 shares of the company’s stock valued at $69,000 after purchasing an additional 23,365 shares during the period. First Manhattan Co. boosted its stake in TMC the metals by 442.0% during the fourth 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 during the period. Renaissance Technologies LLC boosted its stake in TMC the metals by 12.2% during the fourth quarter. Renaissance Technologies LLC now owns 127,900 shares of the company’s stock worth $98,000 after buying an additional 13,900 shares during the period. Bank of America Corp DE lifted its position in shares of TMC the metals by 81.1% during the fourth quarter. Bank of America Corp DE now owns 139,410 shares of the company’s stock worth $107,000 after purchasing an additional 62,424 shares in the last quarter. Finally, Arete Wealth Advisors LLC acquired a new stake in shares of TMC the metals during the fourth quarter worth about $9,894,500,000. Hedge funds and other institutional investors own 39.67% of the company’s stock.
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. The company primarily explores for nickel, cobalt, copper, and manganese products.
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