Pineapple Financial (PAPL) Stock Surges Over 57% After Hours: Here's What Is Happening
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Pineapple Financial (PAPL) shares surged 57.40% to $0.94 in after-hours trading following the approval of a share buyback expansion from $3 million to up to $15 million. The buyback program aims to reduce outstanding shares, potentially increasing earnings per share. Despite ongoing annual losses and a significant drop of 88.88% over the past year, the market reacted positively, indicating a fundamentals-driven surge rather than a short squeeze. PAPL's market cap is $15.66 million, with a 52-week high of $9.53 and a low of $0.20.
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