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The latest announcement is out from Africa Oil ( (TSE:AOI) ).
Africa Oil Corp. announced the repurchase of 781,753 common shares as part of its ongoing share buyback program from February 3 to February 7, 2025. The buyback, which is in accordance with international regulations and local stock exchange rules, aims to repurchase up to 18,362,364 shares by December 2025, potentially impacting shareholder value and market perception positively.
More about Africa Oil
Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria, an interest in the Venus light oil and associated gas discovery offshore Namibia, and an exploration/appraisal portfolio in West and Southern Africa. The company is listed on the Toronto Stock Exchange and Nasdaq Stockholm under the symbol ‘AOI’.
YTD Price Performance: -8.39%
Average Trading Volume: 118,704
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $572M
See more insights into AOI stock on TipRanks’ Stock Analysis page.
