Nickel 28 Capital Corp (TSE:NKL) has released an update.
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Nickel 28 Capital Corp. has been actively buying back its shares, with a total of 359,500 shares repurchased under its Normal Course Issuer Bid (NCIB) as of September 6, 2024. The company’s CEO believes that reducing the number of shares outstanding is the most effective strategy for building shareholder value in the current challenging market for nickel and cobalt. The buybacks were made through the TSX Venture Exchange and facilitated by Haywood Securities Inc.
For further insights into TSE:NKL stock, check out TipRanks’ Stock Analysis page.