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The latest update is out from Morgan Advanced Materials ( (GB:MGAM) ).
Morgan Advanced Materials PLC has repurchased 40,000 of its ordinary shares at a weighted average price of 271.9647 pence per share through Investec Bank, with the intention to cancel these shares. This move is part of a buyback program announced in November 2024, and it reflects the company’s strategic approach to managing its capital structure, potentially enhancing shareholder value by reducing the number of shares outstanding.
More about Morgan Advanced Materials
Morgan Advanced Materials PLC operates in the advanced materials sector, offering a range of high-performance products and services, primarily focused on ceramics, carbon, and composites for various industries including automotive, aerospace, and energy.
Average Trading Volume: 929,930
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £766.4M
See more data about MGAM stock on TipRanks’ Stock Analysis page.
