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The latest update is out from Olive Resource Capital Inc. ( (TSE:OC) ).
Olive Resource Capital Inc. has announced a new normal course issuer bid program to repurchase its common shares, believing that the market price may not fully reflect the company’s underlying value. Additionally, the company has granted 2,050,000 incentive stock options to its management and board of directors, while canceling 1,150,000 options previously granted to former directors. These strategic moves are aimed at enhancing shareholder value and aligning management interests with those of the company.
More about Olive Resource Capital Inc.
Olive Resource Capital Inc. is a resource-focused merchant bank and investment company with a portfolio of publicly listed and private securities. The company’s assets primarily consist of investments in natural resource companies at various stages of development.
Average Trading Volume: 121,135
Technical Sentiment Signal: Buy
Current Market Cap: C$5.31M
See more data about OC stock on TipRanks’ Stock Analysis page.