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The latest update is out from Drax Group plc ( (GB:DRX) ).
Drax Group plc has executed a share buyback program as initially announced in August 2024. The company purchased 133,949 ordinary shares at an average price of 639.03 pence per share, indicating a strategic move to boost shareholder value and adjust share capital amidst maintaining a significant treasury share reserve.
More about Drax Group plc
Drax Group plc is a UK-based energy company primarily involved in sustainable biomass production, electricity generation, and energy sales. The company focuses on renewable energy solutions and operates one of the largest power stations in the UK, transitioning from coal to biomass to reduce carbon emissions.
YTD Price Performance: 38.15%
Average Trading Volume: 1,089,821
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.12B
Learn more about DRX stock on TipRanks’ Stock Analysis page.
