RTTNews | Aug 18, 2021 09:56AM EDT

09:56 Wednesday, August 18, 2021 (RTTNews.com) - Shares of Canada Goose Holdings Inc. (GOOS) are currently trading at $36.56, up $1.51 or 4.31%, with trading volume of over 304K versus an average volume of 717K shares. The stock has been trading in the range of $22.14 - $50.05 for the past one year.

The company announced that the Toronto Stock Exchange or TSX has approved a normal course issuer bid providing for the purchase for cancellation of up to 5.94 million subordinate voting shares of Canada Goose over the twelve-month period commencing on August 20, 2021 and ending no later than August 19, 2022.

This represents about 10% of the 59,432,395 subordinate voting shares encompassing the public float determined in accordance with TSX requirements as at August 6, 2021.

Canada Goose currently believes that the purchase of its subordinate voting shares under the NCIB is an appropriate use of available excess cash on hand, as part of its broader capital allocation strategy.

Read the original article on RTTNews ( https://www.rttnews.com/3219668/canada-goose-stock-up-on-share-buyback-program.aspx)

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