TMC the metals company (TMC) Tumbles 10% on Profit-Taking After Meteoric Rise

Group 1 - TMC the metals company Inc. experienced a significant decline of 10.10% on Wednesday, closing at $9.61, as investors engaged in profit-taking following a substantial rise earlier in the month [1][3] - The stock price of TMC surged by 78% in early October, reaching an intra-day high of $11.35, but a pullback resulted in a month-to-date gain of 51% [2] - TMC is a Canada-based deep-sea mining company that has filed intentions with the US government to mine in the international seabed through its US subsidiary, which has drawn criticism from environmental advocates and members of the International Seabed Authority [2][3]