TMC (TMC) Shocks Wall Street With 586% Gain

We recently published 10 Stocks Exploded Over 100%; One Shockingly Soared 11,000%. TMC the metals company Inc. (NASDAQ:TMC) is one of the top-performing mid-cap companies of the first half of the year.

TMC the metals company grew its share prices by 586 percent year-to-date, ending at $7.68 on Wednesday versus the $1.12 on December 31, 2024.

In this month alone, TMC the metals company Inc. (NASDAQ:TMC) benefited from a series of positive developments, including President Donald Trump’s imposition of 50-percent tariffs on copper imports.

According to Trump, the move was aimed at bolstering US copper production of a metal critical to electric vehicles, military hardware, the power grid, and various consumer goods.

In other news, a US judge ruled in favor of TMC the metals company Inc. (NASDAQ:TMC), over alleged misrepresentations of its environmental impacts and cash reserves during its 2021 public listing through a special type of company.

TMC (TMC) Shocks Wall Street With 586% Gain

A tunneling machine underground, deep in the mine to extract the polymetallic nodules.

In his ruling, Judge Eric R. Committee said that no purported misstatements were sufficiently alleged as false or misleading to support securities fraud claims, nor did the investors adequately submit evidence that TMC the metals company Inc. (NASDAQ:TMC) deceived them.

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Disclosure: None. This article is originally published at Insider Monkey.