Sailfish Royalty (TSE:FISH) has released an update.
Sailfish Royalty Corp. has announced a Normal Course Issuer Bid (NCIB) to purchase and cancel up to 5% of its outstanding common shares over the next year, with the intention of increasing shareholder value as the board believes the market undervalues the current share price. The repurchase, financed by the company’s working capital, reflects management’s confidence in the firm’s financial strength and commitment to its shareholders.
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