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However, NAK’s shares fell 10.3% in price on Monday after the U.S. Environmental Protection Agency (EPA) announced its decision to file a motion to remand its July 2019 withdrawal notice concerning Alaska’s Pebble Project. In addition, the stock is trading 64% below its 52-week high of $1.26, indicating short-term bearishness.
While its Pebble Project initiative could boost green power and electrification technologies, ongoing legal challenges and NAK’s faltering financials could make investors nervous.
