NamSys ( (TSE:CTZ) ) has issued an announcement.
NamSys Inc. has announced a normal course issuer bid (NCIB) to repurchase up to 1,343,186 common shares, representing less than 5% of its outstanding shares, through the TSX Venture Exchange and other authorized Canadian trading systems. This move, subject to TSXV approval, is intended to reflect the company’s belief that its market price does not fully represent its value and prospects. By repurchasing shares, NamSys aims to utilize its financial resources effectively and enhance shareholder value. Canaccord Genuity Corp. will act as the broker for this initiative, with purchases made from the company’s existing working capital.
More about NamSys
NamSys Inc. is a leading provider of technology solutions for cash processing and transportation, catering primarily to retailers, financial institutions, and cash-in-transit providers. Their products are offered as software-as-a-service subscriptions and operate on public cloud service providers, aiming to enhance efficiency in currency processing.
YTD Price Performance: -9.68%
Average Trading Volume: 16,577
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$30.09M
Learn more about CTZ stock on TipRanks’ Stock Analysis page.