RE:RE:RE:RE:Tomorrow, January 14, PYR might start buying 83000 shares...Do they buy these back on the open Market ?
ScienceFirst wrote:
Important: An NCIB is launched when a company's executives believe its stock is undervalued in the market.
As with any stock repurchase program, a company undertakes an NCIB because its executives believe that the company's publicly traded stock shares are undervalued. By taking back shares, they are reducing the numbers available on the market. Their own buying activity reduces supply and raises demand, leading the price higher.