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Halmont Properties ( (TSE:HMT) ) has provided an update.
Halmont Properties Corporation has announced the approval of its plan to repurchase up to 4,642,598 multiple voting shares, representing 10% of its public float, through a normal course issuer bid. This initiative, facilitated by RBC Capital Markets, is set to run from March 4, 2025, to March 3, 2026, and is seen as a strategic move to utilize funds effectively and benefit shareholders by potentially increasing the value of remaining shares.
More about Halmont Properties
Halmont Properties Corporation invests directly in real assets including commercial, forest, and residential properties.
YTD Price Performance: -11.76%
Average Trading Volume: 2,373
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$92.96M
For detailed information about HMT stock, go to TipRanks’ Stock Analysis page.