U.S. Global Investors provides update on share repurchases

U.S. Global Investors announces that it bought back nine times as many of its shares in December 2022 as it did in the same month a year earlier, and nearly twice as many shares compared to the previous month. In December 2022, the Company repurchased 46,186 of its shares, a substantial 806% increase from the 5,100 shares it repurchased in December 2021. This number also represents an 86% increase over the number of shares repurchased in November 2022. The net cost of the company’s share repurchase program in December 2022 was around $128,700, an increase of 441% from the same month in 2021 and approximately 75% from November 2022. The increase is a result of the Board of Directors’ decision in December 2022 to modify the company’s buyback algorithm. The company may now buy back shares of GROW stock when the price is flat or down from the previous trading day.