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