Profire Energy Plans Repurchase Of Up To $2M Of Common Stock Between Now And June 30, 2025
Portfolio Pulse from Benzinga Newsdesk
Profire Energy has announced a plan to repurchase up to $2 million of its common stock between now and June 30, 2025.
May 22, 2024 | 9:11 pm
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Profire Energy has announced a stock repurchase plan of up to $2 million, which is expected to positively impact the stock price in the short term.
Stock repurchase plans typically reduce the number of shares outstanding, which can increase the stock price by boosting earnings per share (EPS) and signaling management's confidence in the company's future.
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