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Drax Group plc ( (GB:DRX) ) has shared an update.
Drax Group plc has executed a share buyback program, purchasing 216,049 of its ordinary shares at an average price of 587.18 pence per share. This transaction is part of a broader initiative announced in August 2024, which has seen the company buy back a total of 24,177,150 shares for treasury. The buyback reduces the number of shares in circulation, potentially increasing the value of remaining shares and signaling confidence in the company’s financial health.
More about Drax Group plc
YTD Price Performance: -7.95%
Average Trading Volume: 1,422,017
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.17B
For an in-depth examination of DRX stock, go to TipRanks’ Stock Analysis page.
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