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Mongolia Growth Group ( (TSE:YAK) ) has provided an announcement.
Mongolia Growth Group Ltd. has announced the renewal of its normal course issuer bid, allowing the company to purchase up to 1,700,000 of its common shares over the next 12 months. This move is aimed at enhancing market stability and reflecting the company’s belief that its share price may not fully represent its underlying value and growth prospects. The company may sell investment properties to finance these purchases, and the shares will be bought for cancellation on the open market, subject to TSX Venture Exchange approval.
More about Mongolia Growth Group
Mongolia Growth Group Ltd. operates in the real estate industry, focusing on acquiring, developing, and managing properties in Mongolia. The company is listed on the TSX Venture Exchange under the symbol YAK.
YTD Price Performance: -14.64%
Average Trading Volume: 18,831
Technical Sentiment Signal: Buy
Current Market Cap: $19.73M
See more data about YAK stock on TipRanks’ Stock Analysis page.