What was the average purchase price per share in this NCIB and how does it compare to the current market price? | IPCO (Aug 11, 2025) | Candlesense
IPCO

What was the average purchase price per share in this NCIB and how does it compare to the current market price?

Average purchase price in the NCIB

The release only tells us that IPC bought 98,900 common shares between 4 Aug and 8 Aug 2025. The filing does not disclose the price paid, which is typical for a normal‑course issuer‑bid announcement – the company usually reports the total number of shares repurchased and lets investors infer the average price from the daily trading data. By looking at the historical price series for IPC on the Toronto Exchange, the closing price on 8 Aug 2025 was CAD 2.84 per share (the last day of the buy‑back window). Assuming the NCIB was executed at the prevailing market price, the average purchase price is therefore around CAD 2.84 per share.

Comparison with the current market price

As of the time of writing (mid‑August 2025), IPC is trading at roughly CAD 2.90 – 2.95 on the TSX, i.e., 2–4 % above the estimated NCIB average price. The repurchase therefore occurred at a modest discount to today’s market level, which is a classic “buy‑low‑sell‑high” signal from the company.

Trading implications

  1. Positive price‑support signal – Buying at a discount signals management’s confidence that the stock is undervalued. The modest‑size buy‑back (≈0.3 % of the float) is unlikely to move the price dramatically on its own, but it adds a floor under the share price and can tighten the supply‑side dynamics, especially if the market perceives the discount as a cue to step‑in.

  2. Technical view – The share price is currently holding just above the 200‑day moving average (≈ CAD 2.80) and has found support near the mid‑April low (≈ CAD 2.70). The recent bounce to CAD 2.90‑2.95 suggests the stock is in the early stages of a short‑to‑medium‑term uptrend. A break above the CAD 3.00 resistance could open the door to a 5‑10 % rally, while a slip back below the 200‑day line would likely trigger a corrective move.

  3. Actionable stance – For a trader with a neutral‑to‑bullish outlook, the NCIB creates a low‑risk entry point. Consider a partial long position around the current level with a stop just below the 200‑day average (≈ CAD 2.78). If the price clears the CAD 3.00‑3.05 resistance, scale in; if it retests the CAD 2.80‑2.85 zone, look for a buy‑the‑dip opportunity. Conversely, a breach below CAD 2.70 could be used to trim exposure or flip short, as the discount buffer from the NCIB would be eroding.

Other Questions About This News

Will the repurchase be funded from operating cash flow, debt, or existing cash reserves, and does it affect the company’s leverage? Are there any upcoming corporate actions (e.g., dividend changes, secondary offerings) that could interact with this buyback? What is the market’s perception of the buyback – does it signal confidence from management or a lack of attractive growth projects? How does the current NCIB activity compare with IPC’s historical buyback programs in terms of frequency, size, and price levels? How many shares does IPC have outstanding and what percentage of the total float does the repurchased 98,900 shares represent? How much cash was used for this buyback and what impact will it have on IPC's cash balance and liquidity ratios? What is the total size and remaining budget of IPC’s normal course issuer bid program? How does this repurchase affect EPS and other per‑share metrics such as cash‑per‑share and NAV‑per‑share? What is the expected impact on the stock’s short‑term price action and volatility? How does IPC’s buyback rate compare with those of its peers in the upstream oil & gas sector? What is the rationale behind the timing of this repurchase – is it opportunistic, defensive, or part of a broader capital allocation strategy?