RE:Company buying up stocksNo. Their last NCIB purchase was on October 13. And the highest price they were willing to buy at was $4.25.
This doesn't mean they don't still love the stock. Or that the story isn't terrific. But I'd agree with the idea that you want to have a large margin for error when you use an NCIB. You don't just want the stock to be undervalued. You want it to be massively undervalued.
Because the stock went up so far they've decided to give the NCIB a rest. Seems reasonable to me.