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Drax Group plc ( (GB:DRX) ) has provided an update.
Drax Group plc has announced a transaction involving the repurchase of 146,107 of its ordinary shares as part of its share buyback program initiated in August 2024. This move is part of Drax’s broader strategy to manage its capital structure, potentially enhancing shareholder value and demonstrating confidence in its long-term growth prospects.
More about Drax Group plc
Drax Group plc operates in the energy industry, primarily focusing on renewable energy generation and supply. The company is known for its efforts in biomass energy production and aims to lead the transition to a low-carbon economy.
YTD Price Performance: 37.94%
Average Trading Volume: 1,110,332
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £2.11B
See more insights into DRX stock on TipRanks’ Stock Analysis page.
