Greenland Energy is trading at $5.24, up 10.31%, in a rebound amid sharp recent volatility; no new catalyst has been established for the September 30 move.
- Fugazi Research’s September 29 short report called the stock “uninvestable at any price above zero”; Greenland Energy disputed its characterization of the company’s finances and exploration outlook in a shareholder letter.
- The letter says Greenland Energy has no production, proved reserves or drilled first well; permitting and exploration timing remain important uncertainties.