TMC the metals (NASDAQ:TMCWW) Stock Price Down 11.9% – Here’s Why

TMC the metals company Inc. (NASDAQ:TMCWWGet Free Report)’s stock price fell 11.9% on Wednesday . The stock traded as low as $0.10 and last traded at $0.11. 64,646 shares changed hands during mid-day trading, a decline of 1% from the average session volume of 65,533 shares. The stock had previously closed at $0.12.

TMC the metals Price Performance

The company’s 50-day moving average price is $0.08 and its 200 day moving average price is $0.10.

TMC the metals Company Profile

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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.

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