Why Shares of The Metals Company Are Continuing to Soar Today

Extending their climb from Wednesday, shares of The Metals Company (NASDAQ: TMC) are looking more lustrous in investors' eyes today. The seafloor mining company reported encouraging news regarding its pilot module collector vehicle.

As of 12:31 p.m. ET, shares of The Metals Company are up 3.7%, retreating from their earlier climb of 12.9%. 

This morning, The Metals Company reported a successful drive of its collector vehicle in the North Sea. In addition to testing the vehicle's mobility, The Metals Company and its partner, Allseas, tested other systems including the raising and lowering of the vehicle's collector heads.

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Source Fool.com