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Morgan Advanced Materials ( (GB:MGAM) ) has shared an update.
Morgan Advanced Materials PLC, a company specializing in advanced materials technology, announced a share buyback transaction as part of its buyback programme. The company purchased 31,107 of its ordinary shares through Investec Bank plc, with prices ranging between 267.50 and 270.00 pence per share, and intends to cancel these shares. This move could potentially enhance shareholder value by reducing the number of outstanding shares, thereby increasing earnings per share.
More about Morgan Advanced Materials
YTD Price Performance: -1.12%
Average Trading Volume: 1,018,735
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £758.6M
See more insights into MGAM stock on TipRanks’ Stock Analysis page.
