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Africa Oil ( (TSE:AOI) ) has provided an announcement.
Africa Oil Corp. has announced the repurchase of 838,300 common shares between February 10 and February 14, 2025, as part of its ongoing share buyback program. This initiative aligns with regulatory standards and involves repurchases on the Toronto Stock Exchange and Nasdaq Stockholm. All repurchased shares will be cancelled, and to date, 6,751,753 shares have been repurchased since the program’s inception. The initiative is expected to enhance shareholder value and streamline the company’s capital structure.
More about Africa Oil
Africa Oil Corp. is a Canadian oil and gas company with operations in deepwater Nigeria, interests in offshore Namibia, and exploration assets across west and southern Africa. It is publicly traded on the Toronto Stock Exchange and Nasdaq Stockholm under the symbol ‘AOI’.
YTD Price Performance: -5.59%
Average Trading Volume: 108,733
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $593.8M
See more data about AOI stock on TipRanks’ Stock Analysis page.
