The Metals is trading 5.96% down at $3.15, with no confirmed October 12 catalyst identified in available coverage. - A market-news listing had no company headlines that day; the recent board appointment and second-quarter loss are earlier developments, not confirmed explanations. - The crypto comparison is not relevant: The Metals is a deep-sea mining company, not a crypto exchange, wallet, or miner. - Supplied broad-market figures are modest and do not establish a market-wide cause; price history shows the decline extends a multi-session slide.