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International Petroleum Corporation ( (TSE:IPCO) ) has shared an update.
International Petroleum Corporation has executed a share repurchase program, buying back 434,560 common shares between January 13 and 17, 2025, under its normal course issuer bid. This move, in compliance with European and Canadian regulations, aims to consolidate IPC’s market position by reducing the number of issued shares, potentially enhancing shareholder value. A total of 1,571,810 shares have been repurchased since the initiation of the program, with the company authorized to buy up to 7,465,356 shares until December 2025.
More about International Petroleum Corporation
International Petroleum Corporation (IPC) operates in the energy sector, focusing on the exploration and production of petroleum. The company is listed on the Toronto Stock Exchange and Nasdaq Stockholm, indicating a market focus in both North America and Europe.
YTD Price Performance: 9.81%
Average Trading Volume: 81,751
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$2.28B
See more data about IPCO stock on TipRanks’ Stock Analysis page.
