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Why TMC The Metals Company Rocketed Higher Today

TheMotleyFool

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Why TMC The Metals Company Rocketed Higher Today: https://g.foolcdn.com/editorial/images/837606/gettyimages-1239937472-1.jpg

Shares of TMC The Metals Company (NASDAQ: TMC) rallied 20.3% on Monday, after the had stock plunged last Friday.

TMC is a highly speculative company seeking to mine critical metals such as nickel, copper, cobalt, and manganese, among others, from the ocean floor in deep water.

While the stock sold off Friday after President Trump threatened to escalate the current trade war between the U.S. and China, TMC rallied hard today in a recovery, after a weekend post from the president hinted at de-escalation.

Source Fool.com