What Is TMC The Metal Company's Stock Trending Overnight? - TMC The Metals Co (NASDAQ:TMC)

Core Insights - TMC the metals company Inc. (NASDAQ:TMC) shares have shown significant upward movement, rising 7.38% to $5.82 in after-hours trading on Tuesday [1] Financial Position - TMC reported a total liquidity of $165 million, which includes $121 million in cash after warrant exercises and unused credit lines, indicating strong financial health [2] - CEO Gerard Barron stated that the company has "no need to come to the public markets anytime soon" [2] Regulatory and Economic Developments - The U.S. Department of the Interior and U.S. Geological Survey added copper to the Critical Minerals List, enhancing the strategic importance of all four metals in TMC's polymetallic nodules for the U.S. economy and national security [3] - TMC's economic studies revealed a project valuation of $23.6 billion, including 51 million tonnes of probable mineral reserves and a Net Present Value of $5.5 billion for the NORI-D area [4] - The National Oceanic and Atmospheric Administration (NOAA) has advanced regulatory progress by sending its draft deep-sea mining rule to the White House, which could streamline the license and permit review process for TMC [5] Stock Performance - TMC's stock has experienced a remarkable increase of 495.60% over the past year and is up 351.67% year-to-date, with a market capitalization of $2.24 billion [6] - The stock has traded between $0.72 and $11.35 over the past year, closing at $5.42, up 10.95% on Tuesday [6] Market Momentum - TMC is currently in the 98th percentile for momentum, indicating long-term upward movement alongside medium- and short-term consolidation [7]