09:52 AM EST, 01/08/2025 (MT Newswires) -- Richelieu Hardware ( RHUHF ) on Wednesday said it received authorization from the Toronto Stock Exchange to renew its normal course issuer bid.

The company may buy back for cancellation up to 1.7 million common shares under the bid for up to 12 months beginning on Jan. 13 and ending on Jan. 12, 2026.

The company said it bought back 1 million common shares at a weighted average price of $38.41 apiece during the last twelve months.

Shares of the company were last seen down $0.04 or 0.1%, at $38.94 in early morning trading on the Toronto Stock Exchange.

Price: 38.87, Change: -0.11, Percent Change: -0.28