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RYU Apparel Inc. (TSXV: RYU.H) is set to transfer its listing from TSX Venture Tier 2 to NEX due to non-compliance with the TSX Venture Tier 2 company requirements. The transition, which takes effect on October 25, 2023, will see the company retaining its name and capital consolidation while adopting the symbol RYU.H for distinct identification within TSX Venture Exchange tiers. The move follows the continuation of a trading suspension that was first announced on December 6, 2022. Despite these changes, RYU shares will remain suspended as the company adapts to market conditions and navigates specific regulatory requirements.
In the midst of these changes, it’s worth noting that RYU management has been aggressively buying back shares, as per InvestingPro Tips. This could be a sign of the management’s confidence in the company’s future prospects. Also, RYU’s strong earnings should allow management to continue dividend payments, a positive sign for investors. The company’s market cap stands at 913.03M USD, with a P/E ratio of 8.37, according to InvestingPro data.
In other news, O3 Mining Inc. (TSXV: OSI) has announced plans to repurchase up to 5,367,189 public float shares in its own capital stock over the period from October 23, 2023, to October 22, 2024. This move is part of a broader trend within the industry as companies look to leverage their capital for growth.
Meanwhile, European Energy Metals Corp. (TSXV: FIN) reported an insider purchase of 27,800 units in a Non-Brokered Private Placement. Extensions in the expiry date of share purchase warrants have been granted to Finlay Minerals Ltd. (TSXV: FYL) and Getty Inc. (TSXV: GTC).
Additionally, Leading Edge Materials Corp. (TSXV: LEM), Ridgestone Mining Inc. (TSXV: RMI) and Usha Resources Ltd. (TSXV: USHA) have all had Non-Brokered Private Placements accepted by the TSX Venture Exchange. Rover Metals Corp. (TSXV: ROVR) is issuing shares for services provided by a consultant over a five-month period.
Finally, Surge Battery Metals Inc. (TSXV: NILI) is acquiring mineral interests in Elko County, Nevada through two separate agreements. Small Pharma Inc.’s (TSXV: DMT) shares were halted pending news.
For those interested in more insights like these, it’s worth noting that InvestingPro offers many more tips. You can access them by subscribing to their services here.
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