The argument for Share buy back is now stronger .Stonehorse...

The argument for Share buy back is now stronger

.

Stonehorse energy share price is so low that its Cash holdings are higher than its market capitalization.

The volume and turnover traded are so low and SHE is making substantial profit per month that it could afford to suck up all shares below a given price with little dent to its cash holdings, in fact its cash buffers would still carry on increasing if no further investments are made.
.
Below is a table of monthly turnover , Turnover = Number shares traded* share price traded at.
.


During 2024 on average only $91,000 has been traded per month.
Yet SHE net profit over the last 3 months has been around 325,000 per month.
.
Does Stonehorse Corporate secretary Jay Stephenson (MBA, FCPA, CMA, FCIS, MAICD) have the capability to initiate a Share buy back or are they accumulating cash for a reason or is not worth it for them or SHE or US ?.

.
Removing share from circulation would drive up the share price thus reducing the amount of money they would have to spend to prop up the share price if they place a cap on what they buy at.