Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Shares of TMC Are Rising Today

TheMotleyFool

0 0

Why Shares of TMC Are Rising TodayPhoto, wide shot, wide-angle lens, Coal mine, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/25526de2-54da-40ae-ba56-1e25dead3e81.png

After ending Wednesday's session at the lowest point of the year, shares of TMC the metals company (NASDAQ: TMC) are bouncing higher today. As of 11:37 a.m. EDT on Friday, the stock is up 8.1%, having eased off from its 16% rise earlier in the day.

The company, a start-up dedicated to mining the seafloor for metals used in EV batteries, hasn't reported any developments that are leading investors to click the buy button today. Instead, they're responding to the fact that insiders are buying stock themselves, an encouraging sign for the beleaguered business.

Image source: Getty Images.

Source Fool.com

Like: 0

TMC

Share