Tree Island Steel (TSE:TSL) has released an update.
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Tree Island Steel has received approval to renew its normal course issuer bid, allowing it to repurchase up to 1.3 million of its common shares, which is about 5% of its total shares. This decision reflects the company’s belief that buying back shares at the current market price is a smart use of its funds and beneficial for shareholders.
For further insights into TSE:TSL stock, check out TipRanks’ Stock Analysis page.
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