Olive Resource Capital Inc. (TSE:OC) has released an update.
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Olive Resource Capital Inc. has announced an unaudited Net Asset Value (NAV) of C$0.063 per share as of June 30, 2024, which represents a slight decline from the share price at the end of the month (C$0.025). The company’s well-diversified portfolio across various resource sectors has shown resilience despite market fluctuations, with the NAV outperforming the TSXV Materials Index and aligning with gold ETF trends. Olive has also actively repurchased common shares under its Normal Course Issuer Bid, indicating confidence in its stock value.
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