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Karoon Energy Ltd ( (AU:KAR) ) has issued an announcement.
Karoon Energy Ltd announced an update on its ongoing on-market buy-back program, indicating a total of 563,588 ordinary fully paid securities were bought back on the previous day, bringing the total number of securities repurchased to 16,078,457. This buy-back program is part of Karoon’s strategy to optimize its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
More about Karoon Energy Ltd
Karoon Energy Ltd is a company operating in the energy sector, focusing primarily on the exploration and production of oil and gas resources. It is listed on the Australian Securities Exchange (ASX) with the code KAR.
YTD Price Performance: 11.37%
Average Trading Volume: 3,163
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $737.8M
For an in-depth examination of KAR stock, go to TipRanks’ Stock Analysis page.
