Canaan (CAN) announced that its board of directors has authorized a share repurchase program under which the company may repurchase up to $30M worth of its outstanding American depositary shares, each representing 15 Class A ordinary shares, and/or Class A ordinary shares, over the next six months starting from May 27.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CAN:
- Crypto Currents: DOJ opens probe into Coinbase breach
- Largest borrow rate increases among liquid names
- Canaan price target lowered to $2 from $3 at Benchmark
- Canaan’s Growth Potential and Resilience Amidst Challenges Justifies Buy Rating
- Canaan’s Strategic Positioning and Growth Potential Amid Market Challenges