Share Buybacks and Stock price1st batch of share buybacks under the NCIB was as follows (Filing Jan 6, 2025)
Dec 19, 2024 34,991 shares $10.08 $352,709.28
Dec 20, 2024 34,991 shares $10.16 $355,508.56
Subsequent to above, share price has dropped below $9 and hovering around this level now. Typically, buybacks support the share price, but it does n't seem to have happened yet.
Let's wait for the next filing and hope, they continue the buybacks, as Co has large cash surplus.
Hopefully, the stock firms up, leading to/after February results ( New contracts etc ).
With the Tax Loss selling over by Dec 31, 2024, stock should catch a bid in January.
We have to wait and see !