operating losses News & Analysis

TMC Stock Trading at $4.59 After 450% Gain in 2025

TMC The Metals Company (TMC) stock peaked at over $11 in 2025, marking a 450% increase before falling to $4.59 as of April 6, 2026. The company, which is pre-revenue and focused on deep-sea mining, reported $117.6 million in cash but incurred operating losses exceeding $140 million last year. TMC is awaiting regulatory approval from NOAA for commercial operations, which, if granted, could significantly impact its business prospects. The company’s recent application update indicating