Vision Marine Technologies ( (VMAR) ) has shared an update.
Vision Marine Technologies has announced the approval of a stock repurchase program, allowing the repurchase of up to 5% of its issued and outstanding common shares. This move reflects the company’s strategy to enhance shareholder value amidst challenges faced by microcap stocks, while also demonstrating confidence in its pioneering role in the electrification of marine transportation.
More about Vision Marine Technologies
Vision Marine Technologies Inc. (NASDAQ: VMAR) is a leader in the marine industry, specializing in high-performance electric marine propulsion. The company is known for its proprietary E-Motion™ electric powertrain technology, which integrates advanced battery systems, high-efficiency electric motors, and cutting-edge software to promote sustainable and emission-free recreational boating.
YTD Price Performance: -35.10%
Average Trading Volume: 5,164,160
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $9.58M
Learn more about VMAR stock on TipRanks’ Stock Analysis page.