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An announcement from Ariadne Australia Limited ( (AU:ARA) ) is now available.
Ariadne Australia Limited has provided an updated notification to the ASX on its ongoing on-market share buy-back program for its ordinary fully paid shares, reporting that a total of 2,134,750 securities had been bought back prior to the previous day, with a further 3,983 shares repurchased on the previous day. The update, part of a series of daily disclosures since the buy-back commenced in February 2023, signals the company’s continued commitment to active capital management, which may support earnings per share and shareholder value by reducing the number of shares on issue, and reflects a degree of confidence in the company’s valuation and financial position.
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, listed on the ASX under the code ARA, is an investment company whose ordinary fully paid shares trade on the Australian market, providing investors with exposure to its portfolio and capital management activities.
Average Trading Volume: 51,221
Technical Sentiment Signal: Buy
Current Market Cap: A$97.04M
Learn more about ARA stock on TipRanks’ Stock Analysis page.