Magnora ASA ( (SVMRF) ) has provided an update.
Magnora ASA announced the repurchase of 25,000 of its own shares at an average price of NOK 26.4117 per share, bringing the total shares held by the company to 1,844,953, which constitutes 2.8% of its outstanding shares. This strategic buyback highlights Magnora’s ongoing commitment to enhancing shareholder value and strengthening its position in the renewable energy sector.
More about Magnora ASA
Magnora ASA is a company listed on the Oslo Stock Exchange under the ticker MGN, with a focus on renewable energy. Its portfolio includes various renewable companies such as Kustvind AB, Magnora Offshore Wind AS, Magnora Solar PV UK, Hafslund Magnora Sol AS, Magnora South Africa, and AGV. Magnora also holds interests in Helios Nordic Energy, Evolar, and Hermana Holding.
YTD Price Performance: -4.08%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $151M
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