Why the Greenland Minerals (ASX:GGG) share price rebounded today

The Greenland Minerals Ltd (ASX: GGG) share price finished the day up 3.9% today.

Although November hasn’t been kind to shareholders, with shares down 3.6% so far this month, the company has performed strongly this year.

Shaking off a 46% share price plummet during the wider COVID-market panic in February and March, shares are currently up 108% year-to-date.

By comparison the All Ordinaries Index (ASX: XAO) is up less than 1%.

What does Greenland Minerals do?

Although Australian based, Greenland Minerals’ main project is the development of the Kvanefjeld rare earth project in Greenland. The company has been operating in Greenland since 2007.

Once developed, the company forecasts that Kvanefjeld will be a large-scale and…