RTTNews | Sep 16, 2021 10:46AM EDT

10:46 Thursday, September 16, 2021 (RTTNews.com) - TMC the metals co. Inc. (TMC) shares are gaining more than 24 percent on Thursday morning trade in search of a new resistance.

The shares were bullish after debuting on September 10 and slowed down in the subsequent days. The shares gained momentum on Thursday pre-market and currently at $12.56, up 25.65 percent from the previous close of $10.00. For the 52-week period, the shares have traded in a range of $8.31-$15.39 on average volume of 8,941,875.

TMC was formed on merger of DeeepGreen and Sustainable Opportunities Acquisition Corp or SOAC to develop low-cost electric battery metals, with less impact on environment.

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