An announcement from EMX Royalty ( (TSE:EMX) ) is now available.
EMX Royalty Corporation has announced the commencement of a new Normal Course Issuer Bid (NCIB) following the successful completion of its previous NCIB. The new program allows the company to repurchase and cancel up to 5% of its issued and outstanding shares over a twelve-month period, aiming to enhance shareholder value and increase liquidity. The company will fund these purchases from available cash and has appointed National Bank Financial Inc. to facilitate the transactions. This move is expected to positively impact EMX’s market positioning by potentially increasing the value of its shares.
More about EMX Royalty
EMX Royalty Corporation is a precious and base metals royalty company that provides investors with discovery, development, and commodity price optionality while limiting exposure to the risks inherent to operating companies. Its common shares are listed on the NYSE American Exchange and TSX Venture Exchange under the symbol ‘EMX’.
YTD Price Performance: 13.79%
Average Trading Volume: 347,890
Technical Sentiment Signal: Strong Sell
Current Market Cap: $215.7M
Learn more about EMX stock on TipRanks’ Stock Analysis page.