Catherine Ndereba is an energy analyst tasked with evaluating a crude oil exploration and production company. The company previously announced that it plans to embark on a new project to drill for oil offshore. As a result of this announcement, the stock price increased by 10%. After conducting her analysis, Ms. Ndereba concludes that the project does indeed have a positive NPV. Which statement is true?

A. The stock price should remain where it is because Ms. Ndereba’s analysis confirms that the recent run-up was justified.

B. The stock price should go even higher now that an independent source has confirmed that the NPV is positive.

C. The stock price could remain steady, move higher, or move lower.