NasdaqCM:ALMMetals and Mining
Almonty Industries (ALM) Could Be 57% Below Fair Value Following 5% Buyback Plan
Almonty Industries (ALM) has announced a substantial share repurchase program, authorizing the buyback of up to 14,400,000 shares, or 5% of its issued share capital, for US$300 million through August 24, 2029.
The buyback news arrives after a sharp shift in momentum for Almonty Industries, with the share price up 41.9% over the past 30 days and 115.11% year to date, even though the 90 day share price return declined 6.89%. Over the longer term, total shareholder return has been very large...