The trading volume of TMC has been decreasing recently. Will there be a change in the trend?

``` The deep research logic is organized as follows: Okay, let's tackle this question about TMC's trading volume. The user is asking if the recent decrease in trading volume will change the trend. First, I need to look at the data provided in the references. The trading volume data from Reference 1 shows a day-by-day breakdown for the past month. I notice that the volume fluctuates quite a bit. For example, on 2025-08-19, the volume is 10.62 million shares, but the next day it drops to 6.78 million. That's a significant drop. Also, looking at the dates around the earnings report, which was on August 14, the volume spiked on August 15 to 17.51 million shares. But after that, it started decreasing again. The user mentioned that the volume has been decreasing recently, so I should focus on the most recent dates. The last few entries in the table are from August 19 and 20, both showing lower volumes. This suggests a downward trend in the short term. Now, considering the news articles. The earnings report on August 14 led to a stock price drop, which might have caused some volatility. The articles mention that TMC missed earnings expectations and had a net loss. This could lead to reduced interest from investors, hence lower trading volume. Also, the strategic investment from Korea Zinc and regulatory milestones were mentioned, but the market reaction was negative, which might have discouraged some traders. The user's profile shows they're interested in technical analysis and short-term trends. So, I should focus on the recent volume data and how it aligns with the stock's price movement. The volume drop after the earnings could indicate a lack of confidence or reduced trading activity. However, the surge on August 15 might have been due to the earnings release, but the subsequent drop shows that the initial spike didn't sustain. I should also check if there are any upcoming events that might affect volume. The next earnings report isn't mentioned, but the production start date in Q4 2027 is a key milestone. However, that's a long-term event, so it might not impact the short-term volume trend. Putting it all together, the recent trading volume data shows a decrease, especially after the earnings report. The negative market reaction and the company's financial losses could be contributing factors. The user is likely looking for a short-term outlook, so the trend might continue unless there's a catalyst like positive news or a change in market sentiment. I need to structure the answer with a clear conclusion first, then break down the analysis with the data points. Using tables and visualizations as per the requirements will help make the answer more engaging. Also, since the user prefers technical analysis, emphasizing the volume trends and their correlation with price movements is key. Make sure to cite the references properly, especially the trading volume data and the earnings-related articles. The visualization for the trading volume query should be included right after the relevant section. Finally, the conclusion should address whether the trend is likely to change, considering the current factors like earnings, regulatory progress, and market sentiment. The answer should be concise but thorough, aligning with the user's interest in short-term trading strategies. ``` ### 🌟 **Conclusion** The recent decline in TMC's trading volume reflects heightened uncertainty surrounding the company's financial performance and regulatory timeline. While short-term volatility may persist, the long-term outlook hinges on TMC's ability to secure regulatory approvals and deliver on its critical metals production targets. For short-term traders, the current volume trend suggests reduced liquidity and cautious market sentiment, but potential catalysts like upcoming regulatory milestones or strategic partnerships could reverse this trajectory. --- ### 📊 **Analysis of TMC's Trading Volume** #### 1. **Recent Trading Volume Decline** The past month’s trading volume data shows a downward trend, particularly after TMC’s Q2 earnings report on August 14, 2025 . The volume peaked at **17.51 million shares** on August 15 (likely due to earnings-related activity) but dropped to **6.78 million shares** by August 20, reflecting reduced investor interest . | Date | Trading Volume (Millions) | Key Events/Context | |------------|-----------------------------|----------------------------------------| | 2025-08-15 | 17.51 | Post-earnings surge | | 2025-08-19 | 10.62 | Regulatory updates but cautious market | | 2025-08-20 | 6.78 | Continued decline in liquidity | #### 2. **Key Drivers of Volume Decline** - **Q2 Earnings Miss**: TMC reported a **$0.20 per share loss**, missing analyst expectations of a **$0.05 loss**, leading to a **12.38% stock price drop** . This negative sentiment likely reduced trading activity. - **Regulatory Uncertainty**: Despite receiving NOAA compliance for exploration licenses , the delayed production start date (Q4 2027) raised concerns about political risks tied to the U.S. election cycle . - **Market Sentiment**: TMC’s stock has underperformed compared to broader market indices, with a **52-week price range of $0.721–$8.63** . #### 3. **Potential Catalysts for Volume Recovery** - **Strategic Partnerships**: TMC’s $85 million investment from Korea Zinc and renewed sponsorship agreements with Nauru and Tonga could attract institutional interest. - **Regulatory Milestones**: If TMC secures final permits by Q4 2025, as targeted, this could trigger a short-term trading surge . - **Market Speculation**: Recent bullish options activity (e.g., call options at $7.5–$8 strike prices) suggests some traders anticipate a price rebound . --- ### 📉 **Short-Term Outlook** The trading volume trend is unlikely to reverse in the near term unless TMC delivers positive news on its regulatory path or production timeline. For now, the stock remains a high-risk, high-reward play for speculative traders. |code|Ticker|Name|Date|Trading Volume|market_code| |---|---|---|---|---|---| |TMC|TMC.O|TMC the metals|20250721|1.5144962E7|185| |TMC|TMC.O|TMC the metals|20250722|7962696|185| |TMC|TMC.O|TMC the metals|20250723|8021374|185| |TMC|TMC.O|TMC the metals|20250724|1.6059648E7|185| |TMC|TMC.O|TMC the metals|20250725|7447091|185| |TMC|TMC.O|TMC the metals|20250728|6559219|185| |TMC|TMC.O|TMC the metals|20250729|1.152477E7|185| |TMC|TMC.O|TMC the metals|20250730|1.3143406E7|185| |TMC|TMC.O|TMC the metals|20250731|1.280786E7|185| |TMC|TMC.O|TMC the metals|20250801|1.9265525E7|185| --- ### 🎯 **Key Takeaway for Traders** TMC’s trading volume decline reflects market skepticism about its ability to meet production targets and navigate regulatory hurdles. While long-term upside exists (e.g., $23.6 billion NPV for its projects ), short-term traders should exercise caution and monitor for catalysts like regulatory approvals or strategic partnerships.