Why Northern Dynasty Minerals Stock Popped Today
Shares of mining company Northern Dynasty Minerals (NYSEMKT: NAK) popped today as some investors are betting that winning a motion in a lawsuit related to the company's Alaskan mining project could help the project proceed. As of 2:15 p.m. EDT on Thursday, Northern Dynasty stock was 12.8% higher.
Last week the stock took a hit after the company angrily responded to an Environmental Protection Agency decision that could put Northern Dynasty's Alaskan Pebble Mine project in jeopardy. But the company won a motion in a related lawsuit this week, and investors think that could bode well for the project to proceed.
Source Fool.com
