Cipher Pharmaceuticals Inc T.CPH

CPH Buys Back Another 205,000 shares in Q4 2020 !

[stockfy]

Profitable and debt-free CPH knows that it's dirt cheap because it currently trades less than 2 times its 2020 EBITDA. As such, it just announced that it bought back 205,000 shares in Q4 2020, facts below:

"Update on normal course issuer bid ("NCIB") program: During the quarter ended December 31, 2020 Cipher purchased for cancellation 205,500 common shares under the NCIB program."

https://cipher.investorroom.com/2021-02-10-Cipher-Pharmaceuticals-Enters-into-Co-Promotion-Agreement-with-Verity-Pharmaceuticals-Inc


Reminder. CPH bought back another 30,000 shares in Q3 2020 at C$1.14, facts below:

 

"During the period ended September 30, 2020, the Company purchased for cancellation 30,000 common shares at an average price of CAD$1.14 per common share."

[Northforce13]

Well, that's a positive point in the company's favor.   What's odd is I don't see any purchases by the company listed on insider trading, nor on sedi upon deeper investigation, am I missing something for real heh?

[stockfy]

Facts from CPH's report.

[pabaloo]

Yup they bought the rest of mine for .98 cents. When they stop buying it's going to .50 cents. Also Maxie I see you bought in 2017 for around 5 bucks! Pretty smart decision.