This Small Cap Is Done Talking About Its Buyback and Ready to Start Buying
Share repurchase programs send a stronger message when they're backed by cash rather than debt. By buying shares in the open market, a company shrinks its outstanding count and raises the ownership stake represented by every remaining share. The distinction that matters, though, is whether management merely holds an authorization to repurchase stock or has announced that purchases are actually about to begin.Shares of Birchtech Corp. (NYSE American: BCHT) (TSX: BCHT) are climbing Wednesday after the specialty activated carbon company announced it will begin purchasing shares under its ...