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TMC the metals soars 10.05% on $85.2M Korean investment
Generated by AI AgentAinvest Pre-Market Radar
Thursday, Jul 10, 2025 6:23 am ET1min read
On July 10, 2025,
experienced a significant surge, rising by 10.05% in pre-market trading, marking a notable increase in its stock value.TMC the metals has seen a remarkable performance in recent months, with its stock reaching its highest valuation since 2021 in June. This surge was driven by a substantial investment of $85.2 million from Korea, which provided a significant boost to the company's financial standing and market confidence.
The company's stock has shown impressive growth, surging by 341% over the last quarter. This performance can be attributed to a bullish market backdrop and major developments within the business, which have collectively contributed to the stock's upward trajectory.
TMC the metals has also received positive ratings from analysts, with Wedbush upgrading its rating to "outperform" and setting a price target of $11. This upgrade reflects the company's strong fundamentals and growth potential, further bolstering investor confidence.
Additionally, the company completed a $5 million follow-on equity offering, which has contributed to its financial stability and growth prospects. This move, along with other corporate developments, has positioned TMC the metals for continued success in the market.
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