Tiger Brokers

BUZZ-Deep-sea mining firm TMC falls after Q3 loss widens

Reuters
Nov 14
BUZZ-Deep-sea mining firm TMC falls after Q3 loss widens

** Shares of deep-sea mining firm The Metals Company TMC.O fall 3.9% to $4.97 premarket

** TMC's Q3 loss widens due to non-cash and non-recurring items, including share-based compensation

** Co reports loss of 13 cents per share, larger than Wall Street expectations of 6 cents according to LSEG data

** Co reports wider-than-expected loss for third consecutive quarter

** Brokerage H.C. Wainwright says firm was still seeing some lingering impacts from the government shutdown, but anticipates it to not be relevant in 2026 and beyond

** H.C. Wainwright reiterates "buy" rating, citing "management's continued progress in further de-risking the firm"

** TMC has gained fourfold YTD

(Reporting by Utkarsh Tushar Hathi)

((utkarshtushar.hathi@thomsonreuters.com))

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