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Morgan Advanced Materials ( (GB:MGAM) ) has provided an announcement.
Morgan Advanced Materials PLC has announced the purchase of 38,123 of its own ordinary shares at a weighted average price of 259.1629 pence per share. This transaction is part of a previously announced buyback program, indicating the company’s strategy to reduce its share capital, potentially increasing the value of remaining shares and signaling confidence in its financial health.
More about Morgan Advanced Materials
YTD Price Performance: -4.60%
Average Trading Volume: 1,096,741
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £732.8M
Find detailed analytics on MGAM stock on TipRanks’ Stock Analysis page.
