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An update from Drax Group plc ( (GB:DRX) ) is now available.
Drax Group plc has executed a share buyback, acquiring 100,000 of its ordinary shares at an average price of 627.20 pence each as part of its ongoing program initiated in August 2024. This transaction reflects Drax’s strategy to manage its capital allocation efficiently, potentially increasing shareholder value and consolidating its market position by reducing the number of shares in circulation.
More about Drax Group plc
Drax Group plc operates in the energy sector, focusing primarily on renewable energy production and sustainable power solutions. The company is known for its efforts in transitioning from coal to biomass and other renewable energy sources, positioning itself as a leader in the sustainable energy market.
YTD Price Performance: -3.09%
Average Trading Volume: 1,085,707
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.28B
For detailed information about DRX stock, go to TipRanks’ Stock Analysis page.
