PHX Energy Services (TSE:PHX) has released an update.
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PHX Energy Services Corp. has received approval from the Toronto Stock Exchange to renew its normal course issuer bid, allowing the company to repurchase up to 10% of its public float in common shares. This move is viewed as a strategy to enhance shareholder value and is part of PHX Energy’s capital allocation strategy amid market volatility.
For further insights into TSE:PHX stock, check out TipRanks’ Stock Analysis page.
