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Ariadne Australia Limited ( (AU:ARA) ) just unveiled an update.
Ariadne Australia Limited has cancelled 24,983 ordinary fully paid shares as part of an on-market share buy-back program. The reduction in issued capital marginally increases the ownership percentage of remaining shareholders and reflects ongoing capital management by the company, though the transaction is small in scale and unlikely to materially affect its overall market position in the near term.
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: 52,821
Technical Sentiment Signal: Buy
Current Market Cap: A$100.9M
For detailed information about ARA stock, go to TipRanks’ Stock Analysis page.