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Mattr ( (TSE:MATR) ) just unveiled an update.
Mattr Corp. has announced the renewal of its normal course issuer bid (NCIB) approved by the Toronto Stock Exchange, allowing the company to repurchase and cancel up to 4,991,584 common shares, representing about 10% of its public float. This initiative, funded by existing cash resources, aims to increase shareholder value and enhance returns. The NCIB will commence on June 30, 2025, and will be executed through various trading platforms, with a daily purchase limit set at 68,375 shares. An automatic share purchase plan has also been established with a designated broker to facilitate repurchases during blackout periods, ensuring flexibility and adherence to trading regulations.
The most recent analyst rating on (TSE:MATR) stock is a Buy with a C$22.00 price target. To see the full list of analyst forecasts on Mattr stock, see the TSE:MATR Stock Forecast page.
Spark’s Take on TSE:MATR Stock
According to Spark, TipRanks’ AI Analyst, TSE:MATR is a Outperform.
Mattr’s overall stock score is supported by strong technical indicators and promising corporate developments. Despite financial challenges, the strategic acquisition and positive market momentum provide a balanced outlook. Valuation remains attractive, though the absence of dividends could be a drawback for some investors.
To see Spark’s full report on TSE:MATR stock, click here.
More about Mattr
Mattr is a growth-oriented, global materials technology company that serves critical infrastructure markets such as transportation, communication, water management, energy, and electrification. It operates through two business segments: Connection Technologies and Composite Technologies, which focus on the responsible renewal and enhancement of critical infrastructure.
Average Trading Volume: 266,660
Technical Sentiment Signal: Sell
Current Market Cap: C$723.2M
See more data about MATR stock on TipRanks’ Stock Analysis page.