07:31 AM EDT, 08/20/2024 (MT Newswires) -- McCoy Global ( MCCRF ) , which sells oil and gas equipment and services, on Tuesday said it has received Toronto Stock Exchange approval to buy back up to 1.6 million common shares, or 10% of its public float.

The bid will run from August 22 for one year.

Under its previous normal course issuer bid, which will end on August 21, McCoy bought back 1.6 million common shares, the maximum number allowed, at a weighted average price of $1.48 per share.