08:45 AM EDT, 05/13/2024 (MT Newswires) -- EcoSynthetix ( ECSNF ) on Monday said it intends to commence a normal course issuer bid.

The renewable chemicals company may repurchase up to a maximum of near 4 million shares, or 10% of its outstanding shares, from May 15, 2024, for one year.

Under its previous bid, which expired on May 1, Ecosynthetix ( ECSNF ) bought back slightly over 1 million shares at a volume weighted average price paid of $3.60 each.