Big Buybacks! - $50,000,000 in 21 days, 3,600,000 units
HR is buying back over 170,000 units a day. At a $13.50 average, it's around $2,300,000 per day. They confirmed the automated NCIB purchases will run for about 21 trading days, and 3,600,000 units for a total spend of around $50,000,000. This is going to add significant upward pricing pressure. Don't jump in front of the buyback train!
I believe it is likely PMZ leadership, which has bought hundreds of thousands of units last week, were selling their HR to fund their PMZ units. They are no longer insiders in HR so they do not need to report those sales. Now the blackout period has begun, the selling will be reduced. The likelihood of seeing HR at $14+ over the next 21 trading days is over 80% IMO. The time to buy is last week, or Monday if you missed it. Get ready for this run!
https://www.newswire.ca/news-releases/h-amp-r-announces-entry-into-automatic-securities-purchase-plan-date-of-fourth-quarter-2021-earnings-release-conference-call-and-webcast-and-declares-january-amp-february-2022-distributions-820121974.html