The Native Mineral (ASX:NMR) share price leaps 17% higher. Here’s why…

Copper and gold exploration company Native Mineral Resources Holdings Ltd‘s (ASX: NMR) share price is shooting higher today, up 17% in late afternoon trading.

Shares of the microcap stock only began trading on the ASX last week, on 16 November. Since then the share price is up 25%, giving the company a market cap of $21 million.

For comparison, the All Ordinaries Index (ASX: XAO) is up 1.7% since 16 November.

We take a look at why Native Mineral’s is soaring below. But first…

What does Native Mineral Resources do?

Native Mineral Resources is a 100% Australian owned copper and gold exploration company. It has extensive minerals exploration tenements in Queensland  and Western Australia.

The company raised $5.7 million via…