An announcement from King River Resources Limited ( (AU:KRR) ) is now available.
King River Resources Limited has announced an update on its ongoing on-market buy-back program, revealing the acquisition of 281,537 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 28,198,133. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially increase shareholder value by reducing the number of shares outstanding.
More about King River Resources Limited
King River Resources Limited operates in the resource industry, focusing on the exploration and development of mineral projects. The company is primarily involved in the extraction and processing of minerals, with a market focus on expanding its resource base and enhancing shareholder value.
Technical Sentiment Signal: Buy
Current Market Cap: €7.08M
For a thorough assessment of KRR stock, go to TipRanks’ Stock Analysis page.