Shares of Metals Company (TMC) jumped Monday after the Wall Street Journal reported that deep-sea mining has the backing of the Trump administration. In April, five days after Trump’s executive order was issued, Metals Company applied for permits to conduct deep-sea exploration and mining in the Clarion-Clipperton Zone, the Journal points out. Shares of Metals Company closed Monday up 22%, or 81c, to $4.45.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TMC:
- Largest borrow rate increases among liquid names
- TMC’s Earnings Call: Strategic Wins Amid Financial Challenges
- Metals Company price target lowered to $6 from $6.25 at Alliance Global Partners
- TMC the Metals Company Reports Q1 2025 Highlights
- Metals Company participates in a conference call with Cantor Fitzgerald