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Drax Group plc ( (GB:DRX) ) has provided an announcement.
Drax Group plc has executed a share buyback transaction as part of its ongoing program announced in August 2024. This transaction involved the purchase of 100,000 ordinary shares at an average price of 619.20 pence, highlighting the company’s focus on enhancing shareholder value. The buyback reduces the number of shares available in the market, potentially impacting the company’s stock price and signaling confidence in its financial health to stakeholders.
More about Drax Group plc
Drax Group plc is a prominent player in the energy sector, primarily focusing on sustainable biomass energy production. The company operates the largest renewable energy facility in the UK and is committed to reducing carbon emissions while providing reliable power solutions.
YTD Price Performance: -1.23%
Average Trading Volume: 1,075,329
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.08B
Learn more about DRX stock on TipRanks’ Stock Analysis page.
