Why Shares of TMC The Metals Company Are Soaring Today

Starting the week on an inauspicious note, shares of TMC The Metals Company (NASDAQ: TMC) closed 9.7% lower yesterday, compared to their closing price at the end of last Friday's trading session. Today, though, they're driving in the other direction. As of 10:37 a.m. ET, shares of The Metals Company are up 14.7%.However, those who suspect that the company reported something positive today may be surprised to find that it's not a company announcement driving the buying activity. Instead, the market's interest in the deep-sea mining company stems from a less direct factor.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool