International Petroleum Corporation Reports Share Repurchase Progress

International Petroleum Corporation ( (TSE:IPCO) ) has shared an update.

International Petroleum Corporation (IPC) announced the repurchase of 352,360 common shares under its normal course issuer bid (NCIB) during the period of March 3 to 7, 2025. This initiative is part of IPC’s strategy to manage its capital structure and enhance shareholder value. The repurchases were conducted on both Nasdaq Stockholm and the Toronto Stock Exchange, with all shares to be cancelled. Since the initiation of the NCIB in December 2024, IPC has repurchased a total of 3,708,675 shares, with a maximum of 7,465,356 shares authorized for repurchase over a twelve-month period.

More about International Petroleum Corporation

International Petroleum Corporation (IPC) is an international oil and gas exploration and production company with a high-quality portfolio of assets located in Canada, Malaysia, and France. It is a member of the Lundin Group of Companies and is incorporated in Canada. IPC’s shares are listed on the Toronto Stock Exchange and the Nasdaq Stockholm exchange under the symbol ‘IPCO’.

YTD Price Performance: 14.22%

Average Trading Volume: 97,721

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$2.34B

See more data about IPCO stock on TipRanks’ Stock Analysis page.