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Nittetsu Mining Co., Ltd. ( (JP:1515) ) just unveiled an announcement.
Nittetsu Mining Co., Ltd. has announced a strategic move to acquire up to 900,000 of its own shares, representing 5.4% of its total issued shares, as part of its efforts to enhance capital efficiency and stock value. This move, approved by the Board of Directors, aims to implement agile and flexible capital policies and to use the repurchased shares for share-based remuneration, with a maximum allocation of 4.986 billion yen for the acquisition.
More about Nittetsu Mining Co., Ltd.
YTD Price Performance: 11.19%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €509.6M
See more insights into 1515 stock on TipRanks’ Stock Analysis page.