Why Northern Dynasty Minerals Stock Jumped Today
The stock of mining company Northern Dynasty Minerals (NYSEMKT: NAK) has had a turbulent past few months. After shares dropped more than 50% in a single day in November 2020, some resurrected hope for its Alaskan Pebble mine project to survive has shares back above pre-drop levels.
Shares began recovering in January 2021 after support from the Alaskan governor and news of the company's appeal of a negative permitting decision. Shares continue to gain ground today, up 13% as of 11:15 a.m. EST.
Today's boost comes after the company shared some details of its 92-page request for appeal (RFA) of the U.S. Army Corps of Engineers (USACE) permit rejection.
Source Fool.com
