Perenti Global ( (AU:PRN) ) has issued an announcement.
Perenti Limited announced an update on its ongoing on-market buy-back program, revealing that a total of 9,598,569 securities have been bought back to date, with 50,000 purchased on the previous day. This buy-back initiative is part of Perenti’s strategy to optimize its capital structure and enhance shareholder value, reflecting the company’s commitment to maintaining a strong market position and delivering returns to its stakeholders.
More about Perenti Global
Perenti Limited operates in the mining services industry, providing a range of mining and exploration services. The company is focused on delivering comprehensive mining solutions and has a significant presence in the global mining sector.
YTD Price Performance: 9.65%
Average Trading Volume: 3,700
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $726.7M
See more insights into PRN stock on TipRanks’ Stock Analysis page.