Is Northern Dynasty Minerals Ready To Hit New Highs in February?

Investors who are looking for stocks that have made steady gains over a sustained period of time could consider having a look at the Northern Dynasty Minerals Ltd (NYSE: NAK) stock. Over the course of the past month alone, the stock gained as big as 100% and the rally continued on Monday. Yesterday, the Northern Dynasty stock managed to deliver gains of 30%.

The stock has had a bit of a rollercoaster ride ever since its response with regards to environmental issues with regards to dredged materials and waste fluids was dismissed by the U.S. Army Corps of Engineers. The whole thing was related to the Alaskan Pebble Mine project.

However, last week Northern Dynasty issued an appeal on the permitting decision with regards to the project. The U.S. Army Corps of Engineers’ rejection had dealt a body blow to the project. However, the appeal noted that the decision from the Army was ‘contrary to law’. Investors could consider keeping an eye on Northern Dynasty over the coming days.