Africa Oil ( (TSE:AOI) ) has provided an update.
Africa Oil Corp. has announced the results of its recent share buyback program, which saw the company repurchasing a total of 804,400 common shares between February 17, 2025, and February 21, 2025. These repurchases, conducted on both the Toronto Stock Exchange and Nasdaq Stockholm, contribute to a cumulative total of 7,556,153 shares repurchased since December 6, 2024. This move is part of a larger initiative to buy back up to 18,362,364 shares by December 5, 2025, aiming to enhance shareholder value and optimize capital structure.
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: -7.48%
Average Trading Volume: 102,214
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $578.2M
See more insights into AOI stock on TipRanks’ Stock Analysis page.