The Metals is trading 10.77% down at $3.94 after investors continued reacting to its August 13 earnings release.
- Reported a $0.14-per-share loss, missing the $0.06 estimate; $37.2 million in Allseas-related settlement costs increased exploration expenses.
- Shares fell 3.4% after hours following the report.
- Bitcoin and Ethereum are down 0.50% and 0.35% since their previous closes; broader indexes are also down modestly, making the earnings miss the clearest catalyst.