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Yorkton Equity Group Inc ( (TSE:YEG) ) has shared an update.
Yorkton Equity Group Inc. has announced the commencement of a normal course issuer bid (NCIB) to repurchase up to 5% of its outstanding common shares, approved by the TSX Venture Exchange. This move is intended to enhance shareholder value by utilizing cash from operating activities to repurchase shares that the company believes are undervalued, reflecting its commitment to optimizing financial resources and market positioning.
The most recent analyst rating on (TSE:YEG) stock is a Buy with a C$0.34 price target. To see the full list of analyst forecasts on Yorkton Equity Group Inc stock, see the TSE:YEG Stock Forecast page.
More about Yorkton Equity Group Inc
Yorkton Equity Group Inc. is a growth-oriented real estate investment company focused on acquiring and managing multi-family rental properties in Alberta and British Columbia. The company aims to enhance shareholder value through accretive acquisitions, organic growth, and active management, leveraging over 30 years of real estate experience.
Average Trading Volume: 13,207
Technical Sentiment Signal: Buy
Current Market Cap: C$23.1M
See more insights into YEG stock on TipRanks’ Stock Analysis page.