Recs

0

Why Northern Dynasty Minerals Stock Just Jumped 17%

What happened

Shares of Northern Dynasty Minerals (NYSEMKT: NAK  ) were on the move once more in Wednesday trading, closing the day up 16.7%.

So what

The question is: Why? It's been a full week since the last time we heard so much as a peep out of Northern Dynasty management, and all the headlines since have consisted of various law firms announcing lawsuits alleging the stock is "not commercially viable," that its "financial statements" are "false and misleading" -- or both.

Gold nuggets.

Even when it doesn't glitter, some investors still see a golden opportunity in Northern Dynasty Minerals. Image source: Getty Images.

Now what

And the answer? That's hard to say. True, the last news we heard from Northern Dynasty was of the good variety, when on March 8, the miner announced that it has retained the services of a "regulatory and permitting consultant" to help with preparing "necessary documentation" to get its Pebble Project gold mining operation moving forward again.

This announcement, in conjunction with last month's news that the U.S. House of Representatives' Committee on Science, Space and Technology is urging the EPA "to rescind the federal agency's 2014 regulatory action under Section 404(c) of the Clean Water Act to pre-emptively veto Alaska's Pebble Project," suggests there could be further positive news coming down the pike.

So far, no such news has surfaced -- but that doesn't seem to be keeping investors from buying today.

10 stocks we like better than Northern Dynasty Minerals
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Northern Dynasty Minerals wasn't one of them! That's right -- they think these 10 stocks are even better buys.

Click here to learn about these picks!

*Stock Advisor returns as of February 6, 2017


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 4008404, ~/Articles/ArticleHandler.aspx, 3/25/2017 1:44:54 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 4 hours ago Sponsored by:
Change down DOW 20596.7 -59.9 -0.3%
Change down S&P 500 2344.0 -2.0 -0.1%
Change up NASD 5828.7 11.0 0.2%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

3/24/2017 4:01 PM
NAK $1.34 Down -0.01 -0.74%
Northern Dynasty M… CAPS Rating: ***

Advertisement