Greenland Energy jumps 51% as Trump touts Arctic oil exploration
Greenland Energy Company (NASDAQ: GLND) rose 51% to $1 on Wednesday after President Donald Trump said major oil, gas and mineral exploration was about to begin in Greenland. The rally followed his Truth Social post promoting the territory’s resource potential and linking development prospects to a security agreement with Denmark and Greenland.
Why it matters — GLND watchers may note the share move followed renewed attention to Greenland’s resource-development prospects.