Maxim Power (TSE:MXG) has released an update.
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Maxim Power Corp. has received approval from the Toronto Stock Exchange to buy back up to 5% of its common shares, aiming to enhance shareholder value as management believes the current share price does not fully reflect the company’s underlying value. This share repurchase program is set to run from September 16, 2024, to September 15, 2025, and will be conducted through an automatic share purchase plan during trading black-out periods.
For further insights into TSE:MXG stock, check out TipRanks’ Stock Analysis page.