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Africa Oil ( (TSE:AOI) ) has provided an update.
Africa Oil Corp. has announced the results of its share buyback program, repurchasing a total of 658,200 common shares from January 20 to January 24, 2025. The shares were bought on both the TSX and Nasdaq Stockholm and will be canceled. This move is part of a broader initiative announced in December 2024, allowing for the repurchase of up to 18,362,364 shares over twelve months. The program aligns with EU and Canadian regulations, indicating a strategic step to potentially enhance shareholder value.
More about Africa Oil
Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria, an interest in the Venus light oil and associated gas discovery offshore Namibia, and an exploration/appraisal portfolio in west and south of Africa. The Company is listed on the Toronto Stock Exchange and Nasdaq Stockholm under the symbol ‘AOI’.
YTD Price Performance: -5.59%
Average Trading Volume: 135,242
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $589.1M
Learn more about AOI stock on TipRanks’ Stock Analysis page.
