Inter-Rock Minerals (TSE:IRO) has released an update.
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Inter-Rock Minerals Inc. has launched a share buyback program, aiming to acquire up to 1,000,000 common shares, which is about 4.6% of its total issued shares. The company believes that its stock is undervalued and that this move will benefit shareholders by increasing their proportional ownership and providing liquidity. The buyback is set to happen over the next year and will be funded from the company’s working capital.
For further insights into TSE:IRO stock, check out TipRanks’ Stock Analysis page.