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Canadian North Resources, Inc. ( (TSE:CNRI) ) just unveiled an announcement.
Canadian North Resources Inc. has repurchased 162,500 common shares at an average price of $0.97 under its Normal Course Issuer Bid, aiming to acquire up to 5% of its shares by April 2025. This share repurchase demonstrates the company’s commitment to optimizing its capital structure and returning value to shareholders, with purchases continuing on the TSX Venture Exchange under current market conditions.
More about Canadian North Resources, Inc.
Canadian North Resources Inc. is an exploration and development company focused on supplying metals critical to clean-energy, electric vehicles, battery, and high-tech industries. They are advancing the Ferguson Lake project in Nunavut, Canada, which includes substantial mineral resources of nickel, copper, cobalt, palladium, and platinum.
YTD Price Performance: -0.96%
Average Trading Volume: 8,665
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$93.29M
See more insights into CNRI stock on TipRanks’ Stock Analysis page.
