The company’s board has authorized the buyback program at a price ceiling of $2.00 per share, effective over the coming 12 months. This aggressive capital allocation strategy arrives after a difficult start to 2026, during which Streamex shares dropped 64%, closing at $1.09 on Monday.
In section Market Quotes
Streamex Shares Rally on $20 Million Buyback Plan
Streamex stock surged 14% in Tuesday’s premarket trading, hitting $1.25, following the company’s announcement of a plan to repurchase up to 10 million shares. The move comes as the infrastructure firm attempts to stabilize its valuation after a brutal 91% slide over the past 52 weeks.
Executive Chairman Morgan Lekstrom stated that the authorization reflects the board's confidence in the company's underlying value and its long-term growth trajectory. By pulling 10 million shares from the market at a premium to current trading levels, the firm aims to signal stability to investors who have seen the stock’s market capitalization evaporate throughout the last year.
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