Methanex shares surge over 14% on strong Q3 results and share buyback announcement
MEOH Methanex Corp
$68.07 +2.38%
View chart & analysis → - 1Methanex shares rose more than 14% during the trading session.
- 2Methanex achieved revenue of $1.39 billion during the period.
- 3The Methanex board of directors approved a share buyback of up to 5% of outstanding shares.
So what's the key point?
Methanex announced strong earnings for the third quarter. The stock price rose by more than 14% after the company decided to buy back its own shares.
Source The Motley Fool +1 · View original ↗
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