Neo Material Announces Buyback, Shares Rise

Reuters reported that Neo Material Technologies (TSX:NEM) announced a possible buyback of its shares, causing the company’s stock price to rise.

The market news is quoted as saying:

Neo Material, which makes magnetic powders and other rare earth-based products in China for both the domestic and export markets, said its shares are trading in a price range that does reflect true value and are an attractive investment.

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