GTEC Stock

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According to experts, Greenland is "ground zero for how the Arctic has become more geopolitically and strategically significant."

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Greenland, a vast but sparsely populated island situated between the Arctic and North Atlantic Oceans, has been transformed by the climate crisis in recent decades. The changing environment has seen parts of Greenland's ice sheet and glaciers replaced by wetlands, areas of shrub and barren rock.

U.S. President-elect Donald Trump's years-long bid to take control of the world's largest island has kicked into overdrive in recent weeks. Ahead of his inauguration on Jan. 20, Trump said U.S. ownership of the autonomous Danish territory is an "absolute necessity" for purposes related to "national security and freedom throughout the world.

Shares in the president-elect's Trump Media and Technology Group often swing widely after political developments.

President-elect Donald Trump's ongoing pursuit of Greenland may have raised the hackles of Denmark, but his territorial ambitions might find support in Russia. Prominent Russian pundits reportedly voiced support for the move, saying it would validate Moscow's own expansionist ambitions.

Putting tariffs on Denmark unless it cedes the island of Greenland could hurt access to a few key products, including popular medicines.

Greenland Technologies Holding Corporation (GTEC) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to loss of $0.07 per share a year ago.