Lucas GC Limited Announces Status of US$6 Million Share Repurchase Program
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Lucas GC Limited (NASDAQ: LGCL) has announced the status of its US$6 million share repurchase program. Between October 29 and November 7, 2024, the company repurchased 96,243 ordinary shares at an average price of US$1.2189, totaling US$117,312.53.
November 08, 2024 | 10:15 pm
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Lucas GC Limited has repurchased 96,243 shares as part of its $6 million share buyback program, potentially indicating confidence in the company's value.
The share repurchase program suggests that Lucas GC Limited believes its shares are undervalued, which can be a positive signal to investors. The buyback reduces the number of shares outstanding, potentially increasing earnings per share and supporting the stock price.
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