Almonty Industries Board Approves $300M Share Repurchase Program
Repurchase Program Aims to Create Shareholder Value by Capturing Disconnect Between Share Price and Value of Almonty’s Strategic Tungsten Assets and Growth Prospects Ahead of Initial Sangdong RevenuesAlmonty Industries
Almonty's leaders decided to use $300 million to buy back their own company's shares because they think the shares cost less than what the company is actually worth. This is a signal that the company's owners believe in their tungsten business and upcoming earnings.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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