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Drax Group plc ( (GB:DRX) ) has provided an update.
Drax Group plc, a major player in the energy sector, has announced the purchase of 250,000 of its own ordinary shares as part of a share buyback program initiated earlier in the year. This move is part of Drax’s ongoing strategy to manage its capital efficiently, potentially enhancing shareholder value by reducing the number of outstanding shares, which may have implications for voting rights and shareholder notifications.
More about Drax Group plc
YTD Price Performance: 34.63%
Average Trading Volume: 1,115,528
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.06B
For detailed information about DRX stock, go to TipRanks’ Stock Analysis page.
