Journey Energy (TSE:JOY) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Journey Energy Inc. has been greenlit by the Toronto Stock Exchange to buy back up to 10% of its public float, amounting to 4,666,445 common shares, over the next year with the goal of enhancing shareholder value. The share repurchase program is seen as a strategic use of the company’s funds, reflecting the board’s belief that the current share price does not fully capture the company’s intrinsic value.
For further insights into TSE:JOY stock, check out TipRanks’ Stock Analysis page.