RE:PALI VS. NFG CLOSING STOCK PRICES TODAY!Correction on PalIsades using their NCIB to buy more New Founf Gold. With the NCIB in place now, PALI could be buying back their own shares periodically with their surplus cash to reduce the number of their own shares and thus make their remaining shares more valuable relative to NFG share value.
Of course under a NCIB PALI is not obligated to buy back their own shares. Most companies use an NCIB to buy back their own shares when they feel their share price gets too cheap. This is usually when they step in and do buybacks. So far I have not seen any share buybacks but these types of reports don't show up for several days after buybacks..