Tree Island Steel (TSE:TSL) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Tree Island Steel has received approval to renew its normal course issuer bid, allowing it to repurchase up to 1.3 million of its common shares, which is about 5% of its total shares. This decision reflects the company’s belief that buying back shares at the current market price is a smart use of its funds and beneficial for shareholders.
For further insights into TSE:TSL stock, check out TipRanks’ Stock Analysis page.
