Nordic Mines Jumps on Gold as CEO Seeks Funds: Stockholm Mover
This article is for subscribers only.
Nordic Mines AB rose in Stockholm after the company found a record amount of gold in a single month in November and the new chief executive officer said money from a planned share sale is key to future production.
Nordic Mines rose as much as 48 percent, the biggest intra-day jump since July 4, and was up 27 percent at 3.6 kronor as of 10:36 a.m. in the Swedish capital. That pared the stock’s decline this year to 93 percent, valuing the Uppsala, Sweden-based company at 309 million kronor ($46.2 million.)