Magnora ASA ( (SVMRF) ) just unveiled an announcement.
Magnora ASA has repurchased 15,000 of its own shares at an average price of NOK 21.2616 per share, increasing its total holdings to 1,843,030 shares, which represents 2.8% of the total shares outstanding. This strategic move may strengthen Magnora’s market position and demonstrate confidence in its financial health, potentially impacting shareholder value positively.
More about Magnora ASA
Magnora ASA is a renewable-energy group focused on developing wind, solar, and battery storage projects. The company operates in Europe and Africa through various portfolio companies and is listed on the Oslo Stock Exchange under the ticker MGN.
YTD Price Performance: -22.00%
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $133.4M
For an in-depth examination of SVMRF stock, go to TipRanks’ Stock Analysis page.