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The latest announcement is out from Olive Resource Capital Inc. ( (TSE:OC) ).
Olive Resource Capital Inc. announced an estimated Net Asset Value (NAV) of C$0.064 per share for December 31, 2024, despite the company’s share price being C$0.025 at the end of that month. The company noted a modest decline of 1.3% in NAVPS, yet managed to outperform key indices, thanks to its investment in Omai Gold Mines. This performance occurs amid a period of U.S. dollar strength and commodity price weakness, with the company’s strategic focus on reallocating capital into fewer, but higher conviction investments. The company did not repurchase shares under its Normal Course Issuer Bid in December, and holds over 109 million common shares outstanding.
More about Olive Resource Capital Inc.
Olive Resource Capital Inc. operates in the financial sector, focusing on investments across the resource industry. The company is involved in managing a diverse portfolio that includes both public and private equity investments, working capital, and merchant banking investments, with a strategic emphasis on the resource sector.
YTD Price Performance: -16.67%
Average Trading Volume: 275,011
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$2.73M
For a thorough assessment of OC stock, go to TipRanks’ Stock Analysis page.
