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Reko International ( (TSE:REKO) ) has provided an update.
Reko International Group Inc. has announced a normal course issuer bid to repurchase up to 276,066 of its common shares, representing approximately 5% of its outstanding shares. This decision reflects the company’s belief that its shares are undervalued, making them an attractive investment. The repurchase plan is set to take place over a 12-month period starting January 9, 2025, and all acquired shares will be canceled, potentially impacting share value and shareholder equity positively.
More about Reko International
Reko International Group Inc. is a diversified, technology-driven manufacturing company based in Southwestern Ontario. The company specializes in robotic automation equipment and precision machining services, serving industries such as automotive, aerospace, rail, power generation, offsite construction, infrastructure, and capital equipment. Reko is committed to sustainable North American manufacturing.
YTD Price Performance: 1.33%
Average Trading Volume: 3,251
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$21.14M
Learn more about REKO stock on TipRanks’ Stock Analysis page.