08:04 AM EDT, 06/14/2024 (MT Newswires) -- Lucero Energy ( PSHIF ) said Friday that it secured approval from the TSXV Venture Exchange to renew its normal course issuer bid.

The bid allows the company to buy for cancellation up to 31.9 million common voting shares, or 5% of the company's about 638.4 million outstanding common shares on May 30.

The bid will run from June 19 until June 18, 2025, or when completed or terminated by the company.

Lucero's stock traded 3.3% lower on last look on Friday.