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Ariadne Australia Limited ( (AU:ARA) ) has issued an announcement.
Ariadne Australia Limited has announced an update regarding its ongoing on-market buy-back of ordinary fully paid securities, with a total of 1,577,251 securities bought back prior to the previous day and an additional 5,826 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure, potentially enhancing shareholder value and signaling confidence in its financial health.
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
Average Trading Volume: 55,581
Technical Sentiment Signal: Buy
Current Market Cap: A$97.41M
See more insights into ARA stock on TipRanks’ Stock Analysis page.