Mogo Inc. (MOGO) has announced plans to recommence share repurchases under its share buyback program on NASDAQ. This decision comes in the wake of the release of its fourth-quarter financial results. Currently, the company has 24.5 million common shares that are issued and outstanding.
Greg Feller, President and CFO of Mogo Inc., expressed their anticipation of maintaining activity with their NASDAQ buyback program. He emphasized their belief that their shares are undervalued, significantly when considering the recent progress and results, as well as their growth outlook in their primary business. This undervaluation is further accentuated by their 13% ownership of WonderFi, the only fully regulated crypto exchange in Canada.
