NCIBThe company has until next week to purchase another 1.4MM shares if they wish to maximize their current NCIB.
Ref: https://www.globenewswire.com/news-release/2019/11/27/1953473/0/en/High-Arctic-Announces-Renewal-of-Normal-Course-Issuer-Bid.html
To put things in perspective, during last year's NCIB they purchased 1.6MM shares at an average price of $3.65/sh.
Maximizing the NCIB makes perfect sense while the stock is so depressed; furthermore, by decreasing the outstanding share count, PPS earnings are increased (when profitable) and dividends (when reinstated) cost less.
Frankly, this is a win-win for the company and its shareholders.
Cheers,
JJ