TMC the Metals

TMC.US 今日盘中高开高走，截至 ET 10:04 报 3.900 美元，较前收盘价 3.720 美元上涨 4.8%，日内高点 3.905 美元，低点 3.806 美元，主要受国际海洋法法庭（ITLOS）裁定要求 ISA 尊重 TMC 子公司 NORI 和 TOML 正当程序权利的利好推动。公司 Q1 2026 净亏损 2059.9 万美元同比收窄 0.05%，EPS -0.0484 美元，营业亏损 3398.2 万美元。当前股价 3.91 美元较 52 周高点 11.35 美元（2025-10-13）下跌 65.55%，YTD 跌 42.33%，仍低于 MA20（4.169 美元）和 MA60（5.024 美元），不过盘后回落至 3.750 美元，回吐了部分涨幅。

TMC.US fell in a single-day downtrend, closing at $3.76, well below the pre-market high of $4.13, with an intraday low of $3.714 approaching the 52-week low of $3.71. The stock is 66.87% below its 52-week high of $11.35 and down 44.54% YTD. The decline was driven by Q1 operating loss of $33.98 million, net loss of $20.6 million, and EPS of -$0.0484, alongside continued zero revenue, deepening concerns over deep-sea mining commercialization. Despite NOAA certification of a U.S. seafloor license and Allseas Group's $34.04 million acquisition of 7.3 million shares, selling pressure persisted, pushing the stock below both MA20 ($4.361) and MA60 ($5.106). The stock edged up to $3.79 in post-market, suggesting some bargain hunting.

TMC surged intraday on Tuesday, up about 5.6% to $4.215 as of 10:52 ET, rebounding from a pre-market low of $3.977 to form a session range of $3.977-$4.240. The rally was driven by Allseas Group's disclosure of acquiring 7,305,567 common shares valued at $34.04 million, signaling institutional confidence, alongside NOAA's certification of a U.S. seafloor license viewed as a regulatory milestone for deep-sea mining. However, Q1 net loss of $20.6 million worsened 0.05% YoY and operating loss expanded 88.6% YoY to $34.0 million, underscoring absent fundamental improvement. The stock remains 62.86% below its 52-week high of $11.35 and trades below both the 20-day MA of $4.495 and 60-day MA of $5.159, reflecting persistent weakness.

TMC experienced a persistent intraday slide, hitting a daily high of $4.200 at 09:35 ET before steadily declining to a low of $4.990 by 12:49 ET, ultimately closing at $3.990, down 5.23% from the prior close of $4.210. The news that Allseas Group acquired 7,305,567 common shares for $34.04 million provided some pre-market support (peak at $4.150), but selling pressure dominated during regular hours, pushing the stock below the $4.000 mark with an average price of $4.0699 on volume of 1.06 million shares. The Q1 FY2026 earnings report showed a net loss of $20.6 million, barely narrowing 0.05% YoY, and operating losses widened 88.63% to $34.0 million, with zero revenue, underscoring ongoing fundamental challenges. At $3.990, the stock sits just 4.09% above its 52-week low of $3.843, yet remains 64.76% below the 52-week high of $11.35 and well below both the 20-day MA ($4.556) and 60-day MA ($5.175), indicating a weak medium-term trend. However, the post-market bounce to $4.210 suggests some dip-buying interest.

TMC.US experienced a sharp decline during regular trading, dropping 4.9% to $4.025 as of 09:34 ET, forming a single-sided downtrend from its open of $4.065 within just five bars. The stock breached the $4.05 level, establishing an intraday low, after reaching a pre-market high of $4.30, indicating significant bullish-to-bearish reversal. The Q1 2026 net loss of $20.6 million, though improving 18.85% YoY, and zero revenue highlight ongoing commercial uncertainty for deep-sea nodule mining. The current price sits 64.49% below its 52-week high of $11.35 and well below both the 20-day MA of $4.741 and 60-day MA of $5.215, reflecting persistent technical weakness. — However, the recently secured NOAA seabed license certification and the commercial agreement with Allseas for the first offshore nodule recovery operation offer long-term catalysts.