TMC the metals company Inc (TMC)

TMC the metals company Inc is trading at $2.60, down 8.45% on the session. The 50 day average sits at $3.72 and the 200 day at $4.92, which puts the stock in a downtrend. RSI is at 41.6, which reads as weak, and MACD is bullish crossover. Volume is average.

The nearest support is around $2.47 with resistance near $4.13, so that band frames the current range. Average daily movement is roughly $0.22, or about 8.4% of the share price, which is what any stop placement has to allow for. The overall health score of 22 out of 100 combines a trend score of 0, momentum of 44 and a risk score of 28.

TMC the metals company Inc., a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in California. It primarily explores for nickel, cobalt, copper, and manganese products. The company holds exploration and commercial rights in two polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean. Its products are used in electric vehicles (EV) and energy storage markets; manganese alloy production required for steel production; and other applications. The company was founded in 2011 and is based in Vancouver, Canada.