Shares of The Metals Company (TMC) continued their upward trajectory in after-hours trading on Tuesday, soaring 12.18% following an already impressive 8.19% gain during the regular trading session. The extended rally comes amid unusually high options activity and growing investor interest in the deep-sea mining sector.

Earlier in the day, TMC experienced a surge in bullish options flow, with 11,020 calls trading - approximately 1.1 times the expected level. The implied volatility for TMC options jumped by over 7 points to 108, indicating heightened market expectations for future price movements. This increased options activity suggests that traders are positioning themselves for potential further upside in the stock, which may have contributed to the after-hours surge.

The Metals Company, known for its focus on deep-sea mining of battery metals, has been attracting increased attention as demand grows for materials crucial to the electric vehicle and renewable energy sectors. While no specific company news was reported, the continued momentum in after-hours trading could be attributed to speculation about potential developments in the deep-sea mining industry or broader market trends favoring companies in the green technology supply chain. Investors should note that such significant price movements and high implied volatility levels often suggest an increase in both potential rewards and risks.