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Africa Oil ( (TSE:AOI) ) has provided an announcement.
Africa Oil Corp. has successfully executed a repurchase of 517,300 common shares as part of its ongoing share buyback program. This strategic move, carried out on both the Toronto Stock Exchange and Nasdaq Stockholm, is part of a larger initiative to repurchase up to 18,362,364 shares over a twelve-month period, potentially enhancing shareholder value and reflecting confidence in the Company’s financial health.
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 south of Africa. The Company is listed on the Toronto Stock Exchange and on Nasdaq Stockholm under the symbol “AOI”.
YTD Price Performance: -3.50%
Average Trading Volume: 135,716
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $610.5M
Learn more about AOI stock on TipRanks’ Stock Analysis page.
