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An announcement from Ariadne Australia Limited ( (AU:ARA) ) is now available.
Ariadne Australia Limited has announced an update regarding its ongoing on-market buy-back program, revealing that 20,000 ordinary fully paid securities were bought back on the previous day, bringing the total number of securities repurchased to 2,070,600. This buy-back initiative reflects the company’s strategic effort to manage its capital structure and potentially enhance shareholder value.
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 (ASX) and is involved in various market activities, including securities buy-backs.
Average Trading Volume: 51,082
Technical Sentiment Signal: Buy
Current Market Cap: A$97.12M
Find detailed analytics on ARA stock on TipRanks’ Stock Analysis page.