TMC the metals company Inc is trading 7.7% down at $5.53 as profit-taking continues following a sharp multi-day rally.
- The decline extends Thursday’s pullback, with the stock facing pressure alongside broader U.S. indices and high-beta speculative names.
- Weakness in the crypto market, with Bitcoin and Ethereum falling 2–6%, has further dampened sentiment for risk-on assets.
- The move appears driven by broader market dynamics and a correction from recent gains rather than any new company-specific catalysts.