tiprankstipranks
Olive Resource Capital Reports Increased NAV
Company Announcements

Olive Resource Capital Reports Increased NAV

Olive Resource Capital Inc. (TSE:OC) has released an update.

Don't Miss our Black Friday Offers:

Olive Resource Capital Inc. has reported an unaudited Net Asset Value (NAV) of C$0.066 per share as of May 31, 2024, marking a 5% increase within the month, driven by strong performances in investments across copper, gold, silver, and selected platinum group metals. Despite no share repurchases under its Normal Course Issuer Bid in May, the company’s stock was trading at C$0.03 per share, significantly lower than the estimated NAV. The company’s president highlighted the outperformance of junior resource companies and their continued capital deployment in that sector.

For further insights into TSE:OC stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskOlive Resource Capital Reports Increased NAV
TipRanks Canadian Auto-Generated NewsdeskOlive Resource Capital Welcomes New Director
TipRanks Canadian Auto-Generated NewsdeskOlive Resource Capital Reports NAV Amidst Market Challenges
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App