tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Central Petroleum Updates Daily On-Market Share Buy-Back Activity

Story Highlights
  • Central Petroleum reported ongoing on-market buy-backs of its ordinary ASX-listed shares.
  • The company has repurchased over 1.7 million shares in total, tightening its share base for investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Central Petroleum Updates Daily On-Market Share Buy-Back Activity

Claim 50% Off TipRanks Premium

Central Petroleum Limited ( (AU:CTP) ) has shared an announcement.

Central Petroleum Limited has disclosed an update to its on-market share buy-back program for its ordinary fully paid shares listed on the ASX under the code CTP. The company reported that a total of 1,498,130 shares had been repurchased prior to the latest trading day, with an additional 229,000 shares bought back on the previous day, signalling continued execution of its capital management strategy and a potential tightening of the company’s free float for existing shareholders.

The most recent analyst rating on (AU:CTP) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Central Petroleum Limited stock, see the AU:CTP Stock Forecast page.

More about Central Petroleum Limited

Average Trading Volume: 437,473

Technical Sentiment Signal: Sell

Current Market Cap: A$47.42M

Find detailed analytics on CTP stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1