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Xtra-Gold Resource ( (TSE:XTG) ) has provided an update.
Xtra-Gold Resources Corp. has announced the renewal of its normal course issuer bid, allowing the company to repurchase up to 4,000,000 common shares over the next year. This move is intended to enhance shareholder value by increasing the equity interest of remaining shareholders, as the company believes its current market price does not fully reflect its business value and prospects. The 2025 bid will be conducted through the Toronto Stock Exchange and managed by Haywood Securities Inc., with shares purchased on the open market and subsequently canceled.
More about Xtra-Gold Resource
Xtra-Gold Resources Corp. is a gold exploration company with a substantial land position in the Kibi Gold Belt, located in Ghana, West Africa.
YTD Price Performance: 9.42%
Average Trading Volume: 9,263
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$93.41M
For detailed information about XTG stock, go to TipRanks’ Stock Analysis page.