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Africa Oil ( (TSE:AOI) ) has provided an update.
Africa Oil Corp. announced the repurchase of 864,200 common shares from January 27 to January 31, 2025, as part of its ongoing share buyback program. This initiative, compliant with applicable regulations, aims to repurchase up to 18,362,364 shares by December 2025, impacting the company’s share capital by reducing the total shares outstanding to 436,602,570.
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 Africa. The company is listed on the Toronto Stock Exchange and Nasdaq Stockholm under the symbol “AOI”.
YTD Price Performance: -9.79%
Average Trading Volume: 132,672
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $565.6M
See more data about AOI stock on TipRanks’ Stock Analysis page.
