Africa Oil (TSE:AOI) has released an update.
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Africa Oil Corp. has successfully repurchased 171,200 of its common shares as part of its ongoing share buyback program. Since the program’s inception, the company has repurchased over 22 million shares, aiming to buy back up to 38.6 million shares in total. These buybacks are part of a strategy to enhance shareholder value by reducing the number of outstanding shares.
For further insights into TSE:AOI stock, check out TipRanks’ Stock Analysis page.
