NACG Launches Automatic Share Purchase Plan for Share Buyback

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North American Construction Group ( (TSE:NOA) ) has provided an update.

North American Construction Group Ltd. has initiated an automatic share purchase plan (ASPP) as part of its normal course issuer bid to buy back up to 2,087,577 common shares. This move, effective January 9, 2025, allows a broker to purchase shares on the open market without being affected by blackout periods or undisclosed information, potentially enhancing shareholder value and market confidence.

More about North American Construction Group

North American Construction Group Ltd. (NACG) is a major provider of heavy construction and mining services in Canada and Australia, serving the mining, resource, and infrastructure construction markets for over 70 years.

YTD Price Performance: 0.09%

Average Trading Volume: 57,339

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $583.7M

Find detailed analytics on NOA stock on TipRanks’ Stock Analysis page.

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