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Why TMC The Metals Company Skyrocketed Last Week

TheMotleyFool

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Why TMC The Metals Company Skyrocketed Last Week

TMC The Metals Company (NASDAQ: TMC) stock posted strong gains over the past week of trading. The seabed mining specialist's share price rose 16.3% over the stretch. Meanwhile, the S 500 index climbed 0.6%.

While there wasn't any major news for the company in the week, TMC stock continued to see strong bullish momentum thanks to the possibility that the company will score a major regulatory approval in the not-too-distant future. Its share price has skyrocketed 158% over the past three months and 582% year to date.

Image source: Getty Images.

Source Fool.com