TMC the metals (NASDAQ:TMC) Coverage Initiated by Analysts at Alliance Global Partners

Alliance Global Partners began coverage on shares of TMC the metals (NASDAQ:TMC) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. The firm issued a buy rating and a $3.75 price objective on the stock.

TMC the metals Stock Performance

Shares of NASDAQ TMC opened at $1.30 on Wednesday. TMC the metals has a 52 week low of $0.72 and a 52 week high of $2.07. The business has a 50-day simple moving average of $0.94 and a two-hundred day simple moving average of $1.04.

Insiders Place Their Bets

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 value of $40,394.55. Following the completion of the transaction, the chief financial officer now owns 977,844 shares in the company, valued at $831,167.40. This trade represents a 4.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew Hall sold 66,000 shares of TMC the metals 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 sale, the director now 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 sold a total of 330,622 shares of company stock worth $342,754 in the last quarter. 30.00% of the stock is owned by company insiders.

Institutional Trading of TMC the metals

A number of large investors have recently modified their holdings of the business. Virtu Financial LLC bought a new stake in shares of TMC the metals during the 3rd quarter valued at about $44,000. Tidal Investments LLC lifted its position in TMC the metals by 32.6% in the 3rd quarter. Tidal Investments LLC now owns 485,332 shares of the company’s stock worth $514,000 after buying an additional 119,335 shares during the last quarter. Finally, Old West Investment Management LLC lifted its position in TMC the metals by 100.0% in the 3rd quarter. Old West Investment Management LLC now owns 1,593,230 shares of the company’s stock worth $1,689,000 after buying an additional 796,615 shares during the last quarter. Institutional investors own 4.39% 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 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.