POE is to buy back 5% of it's shares in a notice to the TSX
They believe the volatility of the market has the sp undervalued and it's a good idea to bring some of the stocks back into their own hands.
"
Due to the volatility in the financial markets and commodity pricing, Pan Orient believes that the common shares may from time to time be undervalued in the market and constitute a good investment for the Company"
They are using their "surplus cash" to fund the buyback..
Can be seen on marketwire:
http://www.marketwirecanada.com/mw/rel_ca.jsp?id=886727&k=pan%20orient
POE is to buy back 5% of it's shares in a notice to the TSX They...
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16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 16.0¢ | $212.4K | 1.295M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 207534 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 290418 | 6 |
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