DPM Metals Inc. is trading 3.8% up at $49.57 following a strong rebound in crypto-linked assets and broader risk-on trading sentiment.
- The stock's performance mirrors a move on June 15 when it rose 7.6% amid similar strength in Bitcoin and Ethereum.
- Crypto remains the primary catalyst for the move despite a mixed broader tape where the S&P 500 and Nasdaq are trading lower.
- While the sector is rebounding, Bitcoin and Ethereum are currently down 0.96% and 1.52% respectively since the last close, providing a less supportive tailwind than in previous sessions.