Global Ferronickel buys back 5 million shares | ABS-CBN
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Global Ferronickel buys back 5 million shares
Global Ferronickel buys back 5 million shares
ABS-CBN News
Published Feb 07, 2017 10:18 AM PHT
MANILA - Global Ferronickel Holdings Inc. said Tuesday it bought back 5 million common shares at P2.58 per share, as the environment department presses its crackdown on unsafe practices.
MANILA - Global Ferronickel Holdings Inc. said Tuesday it bought back 5 million common shares at P2.58 per share, as the environment department presses its crackdown on unsafe practices.
The company's Platinum Group Metals Corp. was among 28 mines that were ordered closed or suspended by Environment Secretary Gina Lopez last week.
The company's Platinum Group Metals Corp. was among 28 mines that were ordered closed or suspended by Environment Secretary Gina Lopez last week.
"The timing is impeccable because they're trying to support the stock amid what's going on," Regina Capital managing director Luis Limlingan told ANC's "Market Edge with Cathy Yang."
"The timing is impeccable because they're trying to support the stock amid what's going on," Regina Capital managing director Luis Limlingan told ANC's "Market Edge with Cathy Yang."
Global Ferronickel shares were down 4.26 percent to P2.47 in early trading.
Global Ferronickel shares were down 4.26 percent to P2.47 in early trading.
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Global Ferronickel Holdings
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