04:57 PM EST, 11/07/2024 (MT Newswires) -- Thinkific Labs ( THNCF ) on Thursday said it received Toronto Stock Exchange approval to renew its normal course issuer bid (NCIB).

The company may buy back and cancel up to 2.35-million shares over the 12 months beginning Nov.12, about 10% of its public float.

Under the current NCIB, which ends on November 8, Thinkific ( THNCF ) bought back 1.82-million shares, at a volume-weighted average price of $3.34.

Thinkific ( THNCF ) closed up $0.30 to $3.25 on the Toronto Stock Exchange.