Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Ariadne Australia Limited ( (AU:ARA) ) has shared an announcement.
Ariadne Australia Limited has announced an update regarding its ongoing on-market buy-back program, which involves the repurchase of its ordinary fully paid securities. As of the latest update, the company has bought back a total of 2,034,131 securities, with an additional 19,894 securities repurchased on the previous day. This buy-back initiative is part of Ariadne’s strategy to optimize capital structure and enhance shareholder returns.
The most recent analyst rating on (AU:ARA) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Ariadne Australia Limited stock, see the AU:ARA Stock Forecast page.
More about Ariadne Australia Limited
Ariadne Australia Limited operates in the financial sector, focusing on investment and asset management services. The company is listed on the Australian Securities Exchange under the code ARA and engages in activities that enhance shareholder value through strategic investments and buy-back programs.
Average Trading Volume: 57,774
Technical Sentiment Signal: Buy
Current Market Cap: A$96.15M
Find detailed analytics on ARA stock on TipRanks’ Stock Analysis page.