Hemisphere Energy Launches Share Buyback Plan

Hemisphere Energy (TSE:HME) has released an update.

Hemisphere Energy Corporation has announced the renewal of its Normal Course Issuer Bid (NCIB), intending to buy back up to 10% of its public float in common shares to potentially boost shareholder value. The company believes that its stock price may not always reflect its true value and purchasing its own shares could correct this disparity. The NCIB program will run from July 14, 2024, to July 13, 2025, with the possibility of an earlier termination depending on market conditions and the company’s discretion.

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